The following cost data relate to the manufacturing activities of Chang Company during the just completed...

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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 materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 15,400 134,000 8,400 74,000 191,200 10,400 $ 433,400 $ 404,000 $ 64,000 $ 20,400 $ 30,400 $ 40,400 $ 70,400 The company uses a predetermined overhead rate of $22 per machine-hour to apply overhead cost to jobs. A total of 20,100 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 1 2 Prepare a schedule of cost of goods manufactured for the year. Direct materials: Chang Company Schedule of Cost of Goods Manufactured Total raw materials available Raw materials used in production Direct materials used in production $ 0 Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured < Required 1 Required 2 > 0 0 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 materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 15,400 134,000 8,400 74,000 191,200 10,400 $ 433,400 $ 404,000 $ 64,000 $ 20,400 $ 30,400 $ 40,400 $ 70,400 The company uses a predetermined overhead rate of $22 per machine-hour to apply overhead cost to jobs. A total of 20,100 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 1 2 Prepare a schedule of cost of goods manufactured for the year. Direct materials: Chang Company Schedule of Cost of Goods Manufactured Total raw materials available Raw materials used in production Direct materials used in production $ 0 Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured < Required 1 Required 2 > 0 0