Chapter 3 Applying Excel Data Allocation base Machine hours Estimated manufacturing overhead cost $300,000 Estimated total amount of the allocation base 75,000 machine hours Actual manufacturing overhead cost $290,000 Actual total amount of the allocation base 68,000 machine hours Enter a formula into each of the cells marked with a below Computation of the predetermined overhead rate Estimated manufacturing overhead cost Estimated total amount of the allocation base machine hours Predetermined overhead rate per machine hour Computation of underapplied or overapplied manufacturing overhead Actual manufacturing overhead cost Manufacturing overhead cost applied to Work in Process during the year Predetermined overhead rate per machine hour Actual total amount of the allocation base machine hours Manufacturing overhead applied Underapplied (overapplied) manufacturing overhead Chapter 3 Applying Excel Data Allocation base Machine hours Estimated manufacturing overhead cost $300,000 Estimated total amount of the allocation base 75,000 machine hours Actual manufacturing overhead cost $290,000 Actual total amount of the allocation base 68,000 machine hours Enter a formula into each of the cells marked with a below Computation of the predetermined overhead rate Estimated manufacturing overhead cost Estimated total amount of the allocation base machine hours Predetermined overhead rate per machine hour Computation of underapplied or overapplied manufacturing overhead Actual manufacturing overhead cost Manufacturing overhead cost applied to Work in Process during the year Predetermined overhead rate per machine hour Actual total amount of the allocation base machine hours Manufacturing overhead applied Underapplied (overapplied) manufacturing overhead Check your worksheet by changing the estimated total amount of the allocation base in the Data area to 50,000 machine hours, keeping all of the other data the same as in the original example If your worksheet is operating properly, the predetermined overhead rate should now be $6 00 per machine hour and the final Underapplied (overapplied) manufacturing overhead should be $(118,000) If you do not get this answer, find the errors in your worksheet and correct them

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Chapter 3: Applying Excel Data Allocation base Machine-hours Estimated manufacturing overhead cost $300,000 Estimated total amount of the allocation base 75,000 machine-hours Actual manufacturing overhead

Chapter 3: Applying Excel

Data
Allocation base	Machine-hours
Estimated manufacturing overhead cost	$300,000
Estimated total amount of the allocation base	75,000	machine-hours
Actual manufacturing overhead cost	$290,000
Actual total amount of the allocation base	68,000	machine-hours

Enter a formula into each of the cells marked with a ? below

Computation of the predetermined overhead rate
Estimated manufacturing overhead cost	?
Estimated total amount of the allocation base	?	machine-hours
Predetermined overhead rate	?	per machine-hour

Computation of underapplied or overapplied manufacturing overhead
Actual manufacturing overhead cost	?
Manufacturing overhead cost applied to Work in Process during the year:
Predetermined overhead rate	?	per machine-hour
Actual total amount of the allocation base	?	machine-hours
Manufacturing overhead applied	?
Underapplied (overapplied) manufacturing overhead	?

Chapter 3: Applying Excel

Data
Allocation base	Machine-hours
Estimated manufacturing overhead cost	$300,000
Estimated total amount of the allocation base	75,000	machine-hours
Actual manufacturing overhead cost	$290,000
Actual total amount of the allocation base	68,000	machine-hours

Enter a formula into each of the cells marked with a ? below

Computation of the predetermined overhead rate
Estimated manufacturing overhead cost	?
Estimated total amount of the allocation base	?	machine-hours
Predetermined overhead rate	?	per machine-hour

Computation of underapplied or overapplied manufacturing overhead
Actual manufacturing overhead cost	?
Manufacturing overhead cost applied to Work in Process during the year:
Predetermined overhead rate	?	per machine-hour
Actual total amount of the allocation base	?	machine-hours
Manufacturing overhead applied	?
Underapplied (overapplied) manufacturing overhead	?

Check your worksheet by changing the estimated total amount of the allocation base in the Data area to 50,000 machine-hours, keeping all of the other data the same as in the original example. If your worksheet is operating properly, the predetermined overhead rate should now be $6.00 per machine-hour and the final Underapplied (overapplied) manufacturing overhead should be $(118,000). If you do not get this answer, find the errors in your worksheet and correct them.