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If your formulas are correct, you should get the correct answers to the following questions. ( a ) What is the Predetermined overhead rate? (
If your formulas are correct, you should get the correct answers to the following questions.
a What is the Predetermined overhead rate?
b By how much is the manufacturing overhead underapplied or overapplied?
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 amount of the allocation base to machinehours, but keep everything the same as in Requirement The data area of your worksheet should now look like this:
tableABCChapter : Applying Excel,,,PData,,,Allocation base,Machinehours,Estimated manufacturing overhead cost,$Estimated total amount of the allocation base,EmachinehoursActual manufacturing overhead cost,$Actual total amount of the allocation base,imachinehours
a By how much is the manufacturing overhead underapplied or overapplied?
b Why is the amount of underapplied overapplied manufacturing overhead different from Requirement above?
Change the estimated amount of the allocation base back to machinehours, so the data area of vou worksheet love
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