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

For example, in cell B13 enter the formula "= B5".

After entering formulas in all of the cells that contained question marks, verify that the dollar amounts match the example in the text.

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. If you do not get this answer, find the errors in your worksheet and correct them.

A B C 1 Chapter 3: Applying Excel 3 Data 4 Allocation base Machine-hours 5 Estimated manufacturing overhead cost $300,000 6 Estimated total amount of the allocation base 75,000 machine-hours 7 Actual manufacturing overhead cost $290,000 8 Actual total amount of the allocation base 68,000 machine-hours 9 10 Enter a formula into each of the cells marked with a ? below 11 12 Computation of the predetermined overhead rate 13 Estimated manufacturing overhead cost 14 Estimated total amount of the allocation base ? machine-hours 15 Predetermined overhead rate ? per machine-hour 16 17 Computation of underapplied or overapplied manufacturing overhead 18 Actual manufacturing overhead cost ? 19 Manufacturing overhead cost applied to Work in Process during the year: 20 Predetermined overhead rate ? per machine-hour 21 Actual total amount of the allocation base ? machine-hours 22 Manufacturing overhead applied ? 23 Underapplied (overapplied) manufacturing overhead 24