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Exercise 3-7 (Algo) Applying Overhead; Cost of Goods Manifactured [LO3-3, LO3-4] The following cost data reste to the manufactuning activies of Chang Compary dufing the just completod year; The corripory ises a predetermined overhesd rate of 325 per mactine hour to sppiy overhead coss to joba A total of 20.700 machine-hoars were used during the year. Required 1. Compute the amount of underappited or overappled overhesd cost for the yeac. 2. Prepare a schedule of cost of goods manufactured for the yeas. Complete this question by entering your anowers in the tabs below. Compute the anmount of inderappled or coerappled overtiead cost for the vear. Prepare a schedule of cost of goods manufactured for the year. Exercise 3-7 (Algo) Applying Overhead; Cost of Goods Manufactured [LO3-3, LO3-4] 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 $25 per machine-hour to apply overhead cost to jobs. A totat of 20700 machine-hours were used during the year. Required: 1. Compute the amount of underapplied or overapplled 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. The company uses a predetermined overhead rate of $25 per machine-hour to apply overhead cost to jobs. A total of 20,700 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. Compute the amount of underapplied or overapplied overhead cost for the year. Prepare a schedule of cost of goods manufactured for the year

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