The Following Cost Data Relate to the Manufacturing Activities of the Kamas

The following cost data relate to the manufacturing activities of the Kamas Company during the most recent year:
Manufacturing overhead costs incurred during the year:
$\begin{array}{|l|r|}\hline \text { Property taxes } & \$ 1,600 \\\hline \text { Utilities, factory } & 2,600 \\\hline \text { Indirect labour } & 5,100 \\\hline \text { Depreciation, factory } & 13,000 \\\hline \text { Insurance, factory } & 2,500 \\\hline \text { Total actual costs } & \$ 24,800 \\\hline\end{array}$
Other costs incurred during the year:
$\begin{array}{|l|r|}\hline \text { Purchases of raw materials } & \$ 15,000 \\\hline \text { Direct labour cost } & 22,000 \\\hline\end{array}$
Inventories:
$\begin{array}{|l|l|}\hline \text { Raw materials, beginning } & \$ 5,000 \\\hline \text { Raw materials, ending } & 4,400 \\\hline \text { Work in process, beginning } & 3,500 \\\hline \text { Work in process, ending } & 4,500 \\\hline\end{array}$
The company uses a predetermined overhead rate to charge overhead cost to production.The rate for the year just completed was $4.00 per machine hour; a total of 6,000 machine hours were recorded for the year.
Required:
a.Compute the amount of under- or overapplied overhead cost for the year just ended.
b.Prepare a schedule of cost of goods manufactured for the year.