Please give the equations for yellow areas as an excel function.
Overhead Analysis and Preparing Schedules of Cost of Goods using Excel's SUM and Basic Math Functions Stanford Enterprises has provided its manufacturing estimated and actual data for the year end. The Controller has asked you to compute the predetermined overhead rate, the schedule of cost of goods manufactured, and the schedule of cost of goods sold. 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, "=E5" was entered, the formula would output the result from cell E5, or $275,000 in this example. 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 "-E6+E7" was entered, the formula would add the values from those cells and output the result, or 52,760 in this example. If using the other math symbols 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(E10,E11,E12)" was entered, the formula would output the result of adding those three separate cells, or 1,214,050 in this example. Similarly, if in a blank cell "-SUM(E10:E12)" was entered, the formula would output the same result of adding those cells, except they are expressed as a range in the formula, and the result would be 1,214,050 in this example. B D F E job-order costing 1 Stanford Enterprises uses 2 The allocation base for overhead is direct labor hours 4 Data for the year just ended: 5 Estimated total manufacturing overhead cost $ 275,000 25,000 Estimated total direct labor hours 6 27,760 7Actual total direct labor hours 9 Actual costs for the year: $375,000 $536,300 Purchase of raw materials (all direct) 10 labor cost Di 11 $302,750 Manufacturing overhead costs 12 13 Beginning Ending 14 Inventories: $ 15,000 $ Raw materials (all direct) 11,375 15 $ $ $ Work in process 27,875 22,350 16 Finished goods 34,600 26,450 17 $ 18 19 Use the data to answer the following. 1. Compute applied overhead and determine the amount of underapplied overapplied overhead: or Actual manufacturing overhead cost Predetermined overhead rate Actual direct labor hours Manufacturing overhead applied Underapplied (overapplied) manufacturing overhead 2. Prepare a schedule of cost of goods manufactured: Stanford Enterprises Schedule of Cost of Goods Manufactured Direct materials: Raw materials inventory, beginning Add: Purchases of raw materials Total raw materials available Deduct: Raw materials inventory, ending Raw materials used in production Direct labor Manufacturing overhead applied to work in process Total manufacturing costs Add: Beginning work in process inventory Deduct: Ending work in process inventory Cost of goods manufactured 3. Prepare a schedule of cost of goods sold. Stanford Enterprises Schedule of Cost of Goods Sold Finished goods inventory, beginning Add: Cost of goods manufactured Cost of goods available for sale Deduct: Finished goods inventory, ending Unadjusted cost of goods sold Underapplied (overapplied) overhead |Adjusted cost of goods sold
