Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help please stivity Cost Pools using Excel's Absolute Cell Referencing and Basic Math Functions nocolates by Jacki has provided information relating to its current year.

help please
image text in transcribed
image text in transcribed
image text in transcribed
stivity Cost Pools using Excel's Absolute Cell Referencing and Basic Math Functions nocolates by Jacki has provided information relating to its current year. The Controller has asked you to complete a First-Stage Allocation to ctivity Cost Pools. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. - Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell, "=B7" was entered, the formula would output the result from cell B7, or 400,000 in this example. - Absolute Reference: Allows you to maintain the original cell reference when a formula is copled to another cell. The cell reference is "locked" by putting a dollar sign (\$) before the column and row references. By default a cell reference is relative, so when you copy a formula to another cell the values update based on a relative reference. For example, if you copy the formula "=B8+B9" from cell Cl to cell C2, the formula in cell C2 will relatively update to be "=89+810" since the copied formula moved down one cell, the formula cell references also moved down one ceil. Conversely, by adding the absolute cell reference "locks" to the equation, the formula will not change when =$B$8+$B$9 ". You can also use a mixed cell reference by only "locking" the column or row only (\$B8 or B$8 ), which locks that specific column or row and the other reference becomes a relative reference and "moves" with the formula as its copied to another cell. For formula moved down one cell, the formula cell relative references also moved down one cell, but the absolute "locked" reference remained the same. - Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add). - (minus sign to subtract). "(asterisk sign to multiply), and / (forward slash to divide). From the Excel Simulation below, if in a blank cell " =B18+B19 was entered, the formula would add the values from those cells and output the result, or 250,000 in this example. If using the other math symbois the result would output an appropriate answer for its function. - sum function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges to utilize this function. From the Excel Simulation below, if in a blank cell "-SUM(B13,B14,B15)" was entered, the formula would output the result of adding those three separate cells, or 375,000 in this example. Similarly, if in a blank cell "=SUM(B13:B15)" was entered, the formula would output the same resuit of adding those cells, except they are expressed as a range in the formula, and the result would be 375,000 in this example. The following information relates to overhead cost ht Chocolates by Jacki for the current year. Total costs and distribution of resource consumption across activity cost pools: \begin{tabular}{|l|l|} 24 & \\ 26 & Production Department: \\ 27 & \\ 28 & \\ 29 \\ 30 & \\ 31 & \\ 32 & General Administration Department: \\ 33 & \\ 34 & \end{tabular} Total Marketing Department: Total

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

Accounting Tools For Business Decision Making

Authors: Paul D. Kimmel

3rd Edition

0470377852, 978-0470377857

More Books

Students also viewed these Accounting questions

Question

1. Let a, b R, a Answered: 1 week ago

Answered: 1 week ago

Question

How can you listen critically to others public speeches?

Answered: 1 week ago