Chapter 3 Applying Excel (B)i Save & Exit Saved Help Submit Check my work 1 Required information 10 The Excel worksheet form that appears below is to be used to recreate part of the example relating to Turbo Crafters that points appears earlier in the chapter. eBook 2. Change all of the numbers in the data area of your worksheet so that it looks like this: Print References A B C Chapter 3: Applying Excel Data Machine-hours Allocation base 680,600 Estimated manufacturing overhead cost 83,000 machine-hours Estimated total amount of the allocation base Actual manufacturing overhead cost 677,200 80,000 machine-hours Actual the ation base amount 8 Chapter 3 Applying Excel (B)i Saved Help Sa 1 ACIUHI MANUIacaunnu oVemea sI Required information 1C points If your formulas are correct, you should get the correct answers to the following questions. eBook (a) What the Predetermined overhead rate? (Round your answer to 2 decimal places.) Print References Predetermined overhead per machine- hour rate (b) By how much is the manufacturing overhead underapplied or overapplied? nuacturing overhead Chapter 3 Applying Excel (B) i Saved Save & Ex Help Chec 1 Required information 3. Either print or make a copy of your worksheet in your workbook before proceeding. You will need to refer back to this worksheet. 10 Change the estimated total amount of the allocation base to 82,000 machine-hours, but keep everything the same as in Requirement 2. The data area of your worksheet should now look like this: points eBook A B C Print Chapter 3: Applying Excel 1 2 References 3 Data Machine-hours 4 Allocation base Estimated manufacturing overhead cost 680,600 5 82,000 machine-hours Estimated total amount of the allocation base 7 Actual manufacturing overhead cost 677,200 Actual total amount of the allocation base 80,000 machine-hours 8 (a) By how much is the manufacturing overhead underapplied or overapplied? manuifacturing Chapter 3 Applying Excel (B)i Saved Help Save & Exit Check m 1 Required information 10 points (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.) eBook Print References The change in the estimated total amount of the allocation base affected the predetermined overhead rate. The change in the estimated total amount of the allocation base affected the amount of manufacturing overhead applied. Actual manufacturing overhead cost differs from period to period. The estimated manufacturing overhead cost did not change in proportion to the change in the estimated total amount of the allocation base. 4. Change the estimated total amount of the allocation base back to 83,000 machine-hours, so that the data area of you worksheet looks exactly the same as data area of your worksheet should now look like this: Requirement 2. Now change the actual manufacturing overhead cost from $677,200 to $673,500. The Chapter 3 Applying Excel (B)A Saved Help Save & Exit Check my 1 Required information base 10 4. Change the estimated total amount of the allocation base back to 83,000 machine-hours, so that the data area of you worksheet looks exactly the same as points Requirement 2. Now change the actual manufacturing overhead cost from $677,200 to $673,500. The data area of your worksheet should now look like this: eBook A B C Print 1 Chapter 3: Applying Excel References Data Allocation base Machine-hours 680.600 Estimated manufacturing overhead cost Estimated total amount of the allocation base 83,000 machine-hours 6 Actual manufacturing overhead cost Actual total amount of the allocation base 673,500 80,000 machine-hours (a) By how much is the manufacturing overhead underapplied or overapplied? manufacturing overhead Chapter 3 Applying Excel (B) Save & Ex Saved Help Chec 1 Required information overhead 10 points eBook Print References (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. Artyr toxes left with a question mark will be automatically graded as incorrect.) The predetermined overhead rate changed. ? The change in the actual manufacturing overhead cost directly resulted in a comparable change in the amount of underapplied (overapplied) manufacturing overhead. ?The change in the estimated total amount of the allocation base affected the amount of manufacturing overhead applied
