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Cary Company manufactures two models of industrial components - a Standard model and an Advanced Model. It has provided the following information with respect to
Cary Company manufactures two models of industrial componentsa Standard
model and an Advanced Model. It has provided the following information with
respect to these two products:
The company considers all of its manufacturing overhead costs $ to be
fixed and it uses plantwide manufacturing overhead cost allocation based on direct
laborhours.
Click here for a brief tutorial on using Charts in Excel.
Use the Excel workbook titled
"ExcelAnalyticsComparingTraditionalandActivityBasedProductCostingTemplate" to complete
requirements a through c
a Navigate to the "ActivityBased Cost Analysis" tab of the Excel workbook. In cells B through C
create formulas that compute the percent of each activity's total cost that is allocated to each product.
Hint: If you complete this step correctly, the percentages shown in column D will total
b What percent of each of the four activities is allocated to the Standard model? The Advanced
model?
c Within the "ActivityBased Cost Analysis" tab of the Excel workbook, use Charts to create a
stacked bar chart that shows the percent of each activity's total cost allocated to each product. Hint:
This chart should refer to the percentages that you computed in cells B through C
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