meworki Saved Help Save & Exit Submit Check my work The following cost data relate to the manufacturing activities of Chang Company during the just completed year Manufacturing overhead costs incurred: Indirect materials S 16,500 145,000 9,500 85,000 231,700 11,500 $499,200 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 materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $415,000 $ 75,000 S 21,500 31,500 $ 41,500 $ 71,500 The company uses a predetermined overhead rate of $24 per machine-hour to apply overhead cost to jobs. A total of 21,200 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. 20 Complete this question by entering your answers in the tabs below. Required 2 Required 1 Prepare a schedule of cost of goods manufactured for the year. eBook Hint Chang Company Schedule of Cost of Goods Manufactured Print Direct materials: Total raw materials available Raw materials used in production Total manufacturing costs Cost of goods manufactured Required 2 Required 1 IventULLUS Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 21,500 $ 31,500 $ 41,500 $ 71,500 The company uses a predetermined overhead rate of $24 per machine-hour to apply overhead cost to jobs. A tot hours were used during the year. Book Hint 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 Print Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount of underapplied or overapplied overhead cost for the year. overhead cost Required 2 > Required 1 Next 20 of 20 Prev