Business, 30.09.2019 22:30 candancejc8942

The following cost data relate to the manufacturing activities of chang company during the just completed year: manufacturing overhead costs incurred: indirect materials $ 16,700indirect labor 147,000property taxes, factory 9,700utilities, factory 87,000depreciation, factory 273,900insurance, factory 11,700total actual manufacturing overhead costs incurred $ 546,000other costs incurred: purchases of raw materials (both direct and indirect) $ 417,000direct labor cost $ 77,000inventories: raw materials, beginning $ 21,700raw materials, ending $ 31,700work in process, beginning $ 41,700work in process, ending $ 71,700 the company uses a predetermined overhead rate of $26 per machine-hour to apply overhead cost to jobs. a total of 21,400 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.

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