Chang Company provided the following data for this year:
Manufacturing overhead costs incurred:
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
Direct labor cost
$
$
Inventories:
Raw materials, beginning
Raw materials, ending
Work in process, beginning
$
Work in process, ending
$
$
$
$
The company uses a predetermined overhead rate of $ per machinehour to apply overhead cost to jobs. A total of machine
hours were used during the year.
Required:
Compute the underapplied or overapplied overhead cost.
Prepare a schedule of cost of goods manufactured.
