Excel File Edit View Insert Format Tools Data Window Help AutoSave OFF 2.C... Formulas Data Chapt Home Insert Draw Page Layout Review View Tell me X Arial V 10 ' v 22 C Paste Hill B 1 U a. Av BUD G25 C D 1 1 Machine-hours $300,000 75,000 machine-hours $290,000 68,000 machine-hours A 1 Chapter 3: Applying Excel 2 3 Data 4 Alocation base 5 Estimated manufacturing overhead cost 5 Estimated total amount of the allocation base 7 Actual manufacturing overhead cost Actual total amount of the allocation base 9 10 Enter a formule into each of the cols 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 15 Proteined overhead rate 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 role 21 Actual total amount of the allocation base 22 Manufacturing overhead applied 21 Undercled foveapple manufactured 24 25 26 27 28 1 $300,000 75,000 machine-hours $4.00 per machine-hour $ 290,000 1 1 $4.00 per machine-hour 8.000 machine-hours $ 272.000 S 18000 30 31 33 34 35 36 37 41 44 Chapter 3 Form Chapter 3 Part 2 01 Select destination and press ENTER or choose Paste Chapter 3 Part 2 02 + r AFW 2 Required information The Excel worksheet form that appears below is to be used to recreate part of the example relating to Turbo Crafters that appears earlier in the chapter, 2. Change all of the numbers in the data area of your worksheet so that it looks like this: 3 4 1 Chapter 3: Applying Excel 2 Data Allocation base 5 Estimated manufacturing overhead cost 6 Estimated total amount of the allocation base 7 Actual manufacturing overhead cost 8. Actual total amount of the location base Machine-hours $ 470.000 68,000 machine hours $ 494 800 72,000 machine hours If your formulas are correct, you should get the correct answers to the following questions (a) What is the predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead role per machine hour (a) What is the predetermined overhead rate? (Round your answer to 2 decimal places.) Premiere per machine how () By how much is the manufacturing overhead underapplied or overappled? match Ethernt or make a cony of your worst in your workbook before proceeding. You will need to refer back to this worksheet Change the estimated total amount of the location base to 70.000 machine hours, but keep everything the same as in Requirement 2 The Gats are of your worksheet should now look 3. Either print or make a copy of your worksheet in your workbook before proceeding. You will need to refer back to this work Change the estimated total amount of the allocation base to 70,000 machine-hours, but keep everything the same as in Requ 2. The data area of your worksheet should now look like this: 1 Chapter 3: Applying Excel 2 4 Data Allocation base 5 Estimated manufacturing overhead cost 6 Estimated total amount of the location base Actus manufacturing overhead cost B Actual total amount of the location base Machine-hours $ 476.000 70,000 machine hours $ 494.800 12.000 machine hours (a) By how much is the manufacturing overhead underapplied or overapplied? manufacturing overhead 3. Either print or make a copy of your worksheet in your workbook before proceeding. You will need to refer back to this worksheet. Change the estimated total amount of the allocation base to 70,000 machine-hours, but keep everything the same as in Requirement 2. The data area of your worksheet should now look like this: 1 Chapter 3: Applying Excel 2 3 Data 4 Allocation base 5 Estimated manufacturing overhead cost 6 Estimated total amount of the location base 7. Actual manufacturing overhead cost 8 Actum total amount of the location date Machine hours $ 475,000 70.000 machine hours $ 494800 12,000 machine hours (a) y how much is the manufacturing overhead underapplied or overapplied? D) Why is the amount of underapplied (overapplied manufacturing overhead different from Requirement 2 above? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answers and double click the box with the question mark to empty the box for a wrong answers. Any boxes left with a question mark will be automatically graded as incorrect) The change in the estimated total amount of the location base affected the predetermined overhead rate. me change in the estimated total amount of the allocation base affected the amount of manufacturing overhead applied Actual manufacturing overhead cost differs from period to period The estmated manufacturing overhead cost did not change in proportion to the change in the estimated total amount of the allocation base 4. Change the estimated total amount of the allocation base back to 68,000 machine-hours, so that the data area of you worksheet tooks exactly the same as in Requirement 2. Now change the actual manufacturing overhead cost from $494,800 to $498,000. The data area of your worksheet should now look like this: 1 Chapter 3: Applying Excel 2 3 Date 4 Mlocation base 5 Estimated mancung overhead con 6 Estate total amount of the location base Adual matting overhead con Amount of the locations Machine hours $ 470.000 68.000 machine hours $ 400.000 72.000 machine.hu 4. Change the estimated total amount of the allocation base back to 68,000 machine-hours, so that the data area of you worksheet looks exactly the same as in Requirement 2. Now change the actual manufacturing overhead cost from $494,800 to $498,000. The data area of your worksheet should now look like this: A B 1 Chapter 3: Applying Excel 2 3 Data Allocation base 5 Estimated manufacturing overhead cost 6 Estimated total amount of the location base 7 Actual manufacturing overhead cost B Actul total amount of the location base Machine hours $ 476,000 68.000 machine hours $ 498.000 72,000 machine hours (a) By how much is the manufacturing overhead underappled or overapplied? mortaluring everad (a) By how much is the manufacturing overhead underapplied or overapplied? manufacturing overhead (b) Why is the amount of underapplied foverapplied) manufacturing overhead different from Requirement 2 above? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answers and double click the box with the question mark to empty the box for a wrong answers. Any boxes left with a question mark will be automatically graded as incorrect.) The predetermined overhead rate changed The change in the actual manufacturing overmead cost directly resulted in a comparable change in the amount of underappled loverapplied manufacturing overhead The change in the estimated total amount of the location base affected the amount of manufacturing overhend applied