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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

?

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