Chapter 03 Problems 6 Saved 2 The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred 15,600 136,000 8,600 76,000 250,700 10,600 04:02:52 ipp $497,500 Other costs incurred: eBook Purchases of raw materials (both direct and indirect) Direct labor cost $406,000 $66,000 Inventories: Hint Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 20,600 $ 30,600 $ 40,600 $70,600 Print References The company uses a predetermined overhead rate of $25 per machine-hour to apply overhead cost to jobs. A total of 20,300 machine-hours were used during the year Required 1. Compute the amount of underapplied or overapplied overhead cost for the year. 2. Prepare a schedule of cost of goods manufactured for the year. Complete this question by entering your answers in the tabs below. Required Required 2 Compute the amount of underapplied or overapplied overhead cost for the year. ea cost Required 1 Required 2