Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell B26 enter the formula = B4*B8.

Download the Applying Excel form and enter formulas in all cells that contain question marks.

For example, in cell B26 enter the formula "= B4*B8".

Note that the worksheet contains a section at the bottom titled "Determine the Product Margin Under a Traditional Cost System" that is not in the Review Problem. In this section, it is assumed that the traditional costing system allocates manufacturing overhead on the basis of the number of units produced. When completed, that part of the worksheet should contain the following results:

52

Determine the product margin for the OfficeMart orders under a traditional cost system

53

Manufacturing overhead

$

500,000

54

Total activity

1,000

units

55

Manufacturing overhead per unit

$

500

per unit

56

57

Sales

$

47,600

58

Costs:

59

Direct materials

$

14,400

60

Direct labor

4,000

61

Manufacturing overhead

40,000

58,400

62

Traditional costing product margin

$

(10,800)

63

After entering formulas in all of the cells that contained question marks, verify that the dollar amounts match the numbers in the Review Problem.

Check your worksheet by doubling the units ordered in cell B16 to 160. The customer margin under activity-based costing should now be $7,640 and the traditional costing product margin should be $(21,600). If you do not get these results, find the errors in your worksheet and correct them.

image text in transcribed
A B C D F F G Chapter 7: Applying Excel Data Manufacturing overhead $500,000 Selling and administrative overhead $300,000 Assembling Processing Supporting 100 Units Orders Customers Other Manufacturing overhead 50% 35% 5% 10% 9 Selling and administrative overhead 10% 45% 25% 20% 10 Total activity 1,000 250 100 11 units orders customers 12 13 OfficeMart orders: 14 Customers 1 customer 15 Orders 4 orders 16 Number of filing cabinets ordered in total 80 units 17 Selling price $595 18 Direct materials $180 19 Direct labor $50 20 Enter a formula into each of the cells marked with a ? below Review Problem: Activity-Based Costing 23 24 Perform the first stage allocations Assembling Processing Supporting 25 Units Orders Customers Other Total 26 Manufacturing overhead 27 Selling and administrative overhead 28 Total cost 29 30 Compute the activity rates 31 Activity Cost Pools Total Cost Total Activity Activity Rate 32 Assembling units ? units ? per unit 33 Processing orders ? orders ? per order

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Study Guide And Working Papers For Advanced Accounting

Authors: Joe Ben Hoyle, Thomas F. Schaefer, Timothy S. Doupnik, Sharon O'reilly

10th Edition

0077268040, 9780077268046

More Books

Students also viewed these Accounting questions

Question

5. How can I help others in the network achieve their goals?

Answered: 1 week ago