hapter 3 Exercises Saved L 5 points ellook Hint Prim References 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 Other costs incurred Purchases of raw materials (both direct and indirect) Direct labor cost Inventories Raw materiala, beginning Raw materials, ending i Work in process, beginning work in process, ending 817,000 150,000 10,000 90,000 147,000 12,000 5426,000 $420,000 $ 80,000 $ 22,000 $32,000 $ 42,000 $72,000 The company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. A total of 21,700 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. Help Save & Exit Check m Book Hint Print The company uses a hours were used during the year. Required: hed overneau Tate 01 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 1 Required 2 ferences Compute the amount of underapplied or overapplied overhead cost for the year. overhead cost Required Required 2 > , 1 points Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the year. Chang Company Schedule of Cost of Goods Manufactured eBook Direct materials: Hint Print References Total raw materials available Raw materials used in production Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured