Formula: Add, Subtract; Cell Referencing Using Excel to Calculate Manufacturing Costs PROBLEM Presented below are incomplete manufacturing cost data Student Work Area Required: Provide input into cells shaded in yellow in this template Use mathematical formulas with cell references to the Problem area Use the SUM function when indicated Determine the missing amounts for three different situations Direct Materials Used 1 $ 40,000 2 ? 3. 55,000 Direct Labor Used $ 61,000 75,000 ? Factory Overhead $ 50,000 140,000 111,000 Total Manufacturing Costs 2 $ 296,000 310,000 1 Total manufacturing costs 12 Direct matenals used 3 Direct labor used