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2. Change all of the numbers In the data area of your worksheet so that it looks like this: If your formulas are correct, you
2. Change all of the numbers In the data area of your worksheet so that it looks like this: If your formulas are correct, you should get the correct answers to the following questlons. (a) What is the Predetermined overhead rate? (Round your answer to 2 decimal places.) (b) By how much is the manufacturing overhead underappled or overapplied? 3. Elther print or make a copy of your worksheet in your workbook before proceeding. You will need to refer back to this worksheet. Change the estimated total amount of the allocation base to 54,000 machine-hours, but keep everything the same as in Requirement. 2. The data area of your worksheet should now look like this: (a) By how much is the manufacturing overhead underapplied or overapplied? (b) Why is the amount of underapplied (overapplied) manufacturing overhead different from Requirement 2 above? (You may select more than one answer. Single click the box with the questlon mark to produce a check mark for a correct answers and double clich the box with the question mark to empty the box for a wrong answers. Any boxes left with a questlon mark will be automatically graded as incorrect.) ? The change in the estimated total amount of the allocation base afrected the predetermined overnead rate. ? The change in the estimated total amount of the allocation base affected the amount of manufacturing overnead applied. Actual manufacturing overhead cost differs from perlod to perlod. 4. Change the estimated total amount of the allocation base back to 61,000 machine-hours, so that the data area of you worksheet looks exactly the same as in Requirement 2 . Now change the actual manufacturing overhead cost from $324,600 to $317,700. The data area of your worksheet should now look like this: (a) By how much is the manufacturing overhead underapplied or overapplied? (b) Why is the amount of underapplied (overapplied) manufacturing overhead different from Requirement 2 above? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answers and double click the box with the question mark to empty the box for a wrong answers. Any boxes left with a question mark will be automatically graded as incorrect.)
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