Need help with question 2 ....

The company uses a predetermined overhead rate of $27 per machine-hour to apply overhead cost to jobs. A total of 21,500 machine-hours were used during the year.

ework Problems 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 s 16,800 148,000 9,800 88,000 295,300 11,800 $569,700 Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labcost $418,000 s 78,000 Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending s 21,800 s 31,800 41,800 $ 71,800 The company uses a predetermined overhead rate of $27 per machine-hour to apply overhead cost to jobs. A tot 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