value: 30.00 points The following cost data relate to the manufacturing activities of Chang Company during the past year: Manufacturing overhead costs incurred: Indirect materials Indirect labour Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory $ 26,000 13,000 18,200 104,000 182,000 10,400 Total actual costs incurred $ 338,600 Other costs incurred: Purchases of raw materials (both direct and indirect) 409,000 Direct labour cost 81,800 nventories Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 22,000 24,000 34,000 72,000 The company uses a predetermined overhead rate to apply overhead cost to production. The rate for the year was $18 per machine-hour. A total of 20,000 machine-hours was recorded for the year Required 1. Compute the amount of under- or overapplied overhead cost for the year Overapplied overhead $ 6.400