Question
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 |
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Data |
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Allocation base | Machine-hours | |
Estimated manufacturing overhead cost | $300,000 |
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Estimated total amount of the allocation base | 75,000 | machine-hours |
Actual manufacturing overhead cost | $290,000 |
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Actual total amount of the allocation base | 68,000 | machine-hours |
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Enter a formula into each of the cells marked with a ? below |
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Computation of the predetermined overhead rate |
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Estimated manufacturing overhead cost | ? |
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Estimated total amount of the allocation base | ? | machine-hours |
Predetermined overhead rate | ? | per machine-hour |
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Computation of underapplied or overapplied manufacturing overhead |
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Actual manufacturing overhead cost | ? |
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Manufacturing overhead cost applied to Work in Process during the year: |
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Predetermined overhead rate | ? | per machine-hour |
Actual total amount of the allocation base | ? | machine-hours |
Manufacturing overhead applied | ? |
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Underapplied (overapplied) manufacturing overhead | ? |
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