I did part one and it should be good. I just need help with part 2. thank you

1. value: 0.00 points Required information Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell B26 enter the formula "=B40B8". 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 $ 500 per unit 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 $ (10,800) margin 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. Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse." Next, click "Save." You will use this worksheet to answer the questions in Part 2 download reference file ch_6_Noreen_4e_applying_excel_student_form.xlsx your response ch_6_Noreen_4e_applying (4).xlsx Assume that OfficeMart places orders more frequently, but everything else remains the same. On your worksheet increase the number of orders from 4 to 10. (Prior to completing this requirement, change all worksheet figures back to their original amounts.) 1 Chapter 1 Chapter 7: Applying Excel 3 Data 4 Manufacturing overhead 5 Selling and administrative overhead $500,000 $300,000 8 Manufacturing overhead 9 Selling and administrative overhead 10 Total activity Assembling Processing Units Orders 50% 35% 10% 45% 1,000 250 units orders Supporting Customers 5% 25% 100 customers Other 10% 20% 12 13 OfficeMart orders: 14 Customers 15 Orders 16 Number of filing cabinets ordered in total 17 Selling price 18 Direct materials 19 Direct labor 20 1 customer 10 orders 80 units $595 $180 $50 (a) What is the customer margin under activity-based costing when the number of orders increases to 10? (Enter a loss as a negative amount.) Customer margin under activity-based costing (b) What is the product margin under the traditional costing system when the number of orders increases to 10? (Enter a loss as a negative amount.) Product margin under the traditional costing system (c) Which of the following statements are true? (You may select more than one answer. Single click the box with a check mark for correct answers and double click to empty the box for the wrong answers.) If a customer orders more frequently, but orders the same total number of units over the course of a year, the customer margin under activity based costing will decrease. If a customer orders more frequently, but orders the same total number of units over the course of a year, the product margin under a traditional costing system will decrease. If a customer orders more frequently, but orders the same total number of units over the course of a year, the customer margin under activity based costing will be unaffected. If a customer orders more frequently, but orders the same total number of units over the course of a year, the product margin under a traditional costing system will be unaffected. OfficeMart has found an error in its data. The percentage of selling and administrative overhead attributable to processing orders should be changed to 35% from 45% and the percentage attributable to supporting customers should be changed to 35% from 25%. B C D 1 Chapter 7: Applying Excel 3 Data 4 Manufacturing overhead 5 Selling and administrative overhead $500,000 $300,000 Assembling Processing Processing Units Orders 50% 35% 10% 35% 1,000 250 units orders Supporting Customers 5% 35% 100 customers Other 10% 20% 8 Manufacturing overhead 9 Selling and administrative overhead 10 Total activity 11 12 13 OfficeMart orders: 14 Customers 15 Orders 16 Number of filing cabinets ordered in total 17 Selling price 18 Direct materials 19 Direct labor 1 customer 10 orders 80 units $595 $180 $50 20 (a) Based on new number of orders in Requirement 2, what is the customer margin under activity-based costing when the data are corrected? (Enter a loss as a negative amount.) Customer margin under activity-based costing (b) Based on new number of orders in Requirement 2, what is the product margin under the traditional costing system when the data are corrected? (Enter a loss as a negative amount.) Product margin under the traditional costing system (c) Which of the following statements are true about what happens when the percentage of selling and administrative overhead attributable to processing orders declines and the percentage of selling and administrative overhead attributable to supporting customers increases by the same amount? (You may select more than one answer. Single click the box with a check mark for correct answers and double click to empty the box for the wrong answers.) Costs are shifted from the processing orders cost pool to the supporting customers cost pool. Costs will be shifted from customer who order more frequently to those who order less frequently. The customer margins of those who order more frequently will increase relative to the customer margins of those who order less frequently. References eBook & Resources Worksheet Learning Objective: 06-03 Compute activity rates for cost pools. Learning Objective: 06-01 Understand activity-based costing and how it differs from a traditional costing system. Difficulty: 2 Medium Learning Objective: 06-02 Assign costs to cost pools using a first- stage allocation. Learning Objective: 06-04 Assign costs to a cost object using a second- stage allocation. Check my work 1 Chapter 6: Applying Excel 3 Data 4 Manufacturing overhead 5 Selling and administrative overhead $500,000 $300,000 Other 8 Manufacturing overhead 9 Selling and administrative overhead 10 Total activity Assembling Units 50% 10% 1,000 units Processing Orders 35% 45% 250 orders Supporting Customers 5% 25% 100 customers 10% 20% 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 21 Enter a formula into each of the cells marked with a ? below 22 Review Problem: Activity-Based Costing 24 Perform the first stage allocations 25 26 Manufacturing overhead 27 Selling and administrative overhead 28 Total cost Assembling Units $ 250,000 30,000 $ 280,000 Processing Orders $ 175,000 135,000 $ 310,000 Supporting Customers $ 25,000 75,000 $ 100,000 $ Other $ 50,000 60,000 $ 110,000 Total 500,000 300,000 800,000 $ 29 30 Compute the activity rates 31 Activity Cost Pools 32 Assembling units 33 Processing orders 34 Supporting customers Purung Customers Total Cost $280,000 $310,000 $100,000 Total Activity 1,000 units 250 orders 100 customers Activity Rate $280 per unit $1,240 per order $1,000 per customer 35 ABC Cost $22,400 $4,960 $1,000 36 Compute the overhead cost attributable to the OfficeMart orders 37 Activity Cost Pools Activity Rate Activity 38 Assembling units $280 per unit 80 units 39 Processing orders $1,240 per order 4 orders 40 Supporting customers $1,000 per customer 1 customer 41 42 Determine the customer margin for the OfficeMart orders under Activity-Based Costing 43 Sales $ 47,600 44 Costs: 45 Direct materials 14,400 46 Direct labor 4,000 47 Unit-related overhead 22,400 48 Order-related overhead 4,960 49 Customer-related overhead 1,000 46,760 50 Customer margin 840 52 Determine the product margin for the OfficeMart orders under a traditional cost system 53 Manufacturing overhead 54 Total activity 500,000 units 55 Manufacturing overhead per unit $1,000 per unit 56 $ 47,600 $ 57 Sales 58 Costs: 59 Direct materials 60 Direct labor 61 Manufacturing overhead 62 Traditional costing product margin 14,400 4,000 40,000 58,400 (10,800)