Homework answers / question archive / The following cost data relate to the manufacturing activities of Chang Company during the just completed year:         Manufacturing overhead costs incurred:     Indirect materials $ 15,200 Indirect labor   132,000 Property taxes, factory   8,200 Utilities, factory   72,000 Depreciation, factory   152,400 Insurance, factory   10,200 Total actual manufacturing overhead costs incurred $ 390,000 Other costs incurred:     Purchases of raw materials (both direct and indirect) $ 402,000 Direct labor cost $ 62,000 Inventories:     Raw materials, beginning $ 20,200 Raw materials, ending $ 30,200 Work in process, beginning $ 40,200 Work in process, ending $ 70,200   The company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs

The following cost data relate to the manufacturing activities of Chang Company during the just completed year:         Manufacturing overhead costs incurred:     Indirect materials $ 15,200 Indirect labor   132,000 Property taxes, factory   8,200 Utilities, factory   72,000 Depreciation, factory   152,400 Insurance, factory   10,200 Total actual manufacturing overhead costs incurred $ 390,000 Other costs incurred:     Purchases of raw materials (both direct and indirect) $ 402,000 Direct labor cost $ 62,000 Inventories:     Raw materials, beginning $ 20,200 Raw materials, ending $ 30,200 Work in process, beginning $ 40,200 Work in process, ending $ 70,200   The company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs

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

The company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. A total of 19,900 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.