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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: $ 15,006 130,000 8,000 70,000 240,000 10,000 $473,000 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) $400,000 Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 60,006 $ 20,006 $ 30,000 $ 40,006 $ 70,008 The company uses a predetermined overhead rate of $25 per machine-hour to apply overhead cost to Jobs. A total of 19,400 machine-hours were used during the year Requirecd 1. Compute the amount of underapplied or overapplled overhead cost for the year 2. Prepare a schedule of cost of goods manufactured for the yearThe company uses a predetermined overhead rate of $25 per machine-hour to apply overhead cost to Jobs. A total of 19,400 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 1Reired 2 Prepare a schedule of cost of goods manufactured for the year. Chang Company Schedule of Cost of Goods Manufactured Total raw materials available Raw materials used in production Total manufacturing costs Cost of goods manufactured Required 1 Required2

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