Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLEASE HELP ME WITH THE FORMULAS IN EXCEL FOR THE ANSWERS. THANK YOU! * Required: Use the data to complete a First-Stage Allocation to Activity

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

PLEASE HELP ME WITH THE FORMULAS IN EXCEL FOR THE ANSWERS. THANK YOU!*

Required: Use the data to complete a First-Stage Allocation to Activity Cost Pools. When completing the table, copy formulas as approriate. (Use cells A5 to G20, as well as the "Chart of Accounts" tab for cell referencing and/or formulas needed to complete this question.) \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ Activity Cost Pools } \\ \hline & Customer Orders & ProductDevelopment & CustomerRelations & Other & Total \\ \hline \multicolumn{6}{|l|}{ Production Department: } \\ \hline Indirect factory wages & V & & r & r & \\ \hline Factory equipment depreciation & V & r & r & r & \\ \hline Factory utilities & V & r & r & r & \\ \hline Factory property taxes and insurance & V & r & r & r & r \\ \hline \multicolumn{6}{|l|}{ General Administration Department: } \\ \hline Administrative wages and salaries & & & & & \\ \hline Office equipment depreciation & V & & r & r & r \\ \hline Adminstrative property taxes and insurance & V & V & V & r & r \\ \hline \multicolumn{6}{|l|}{ Marketing Department: } \\ \hline Marketing wages and salaries & V & & r & r & \\ \hline Selling expenses & V & r & r & r & r \\ \hline Total & & T & T & T & T \\ \hline \end{tabular} Chocolates by Jacki has provided information relating to its current year. The Controller has asked you to complete a First-Stage Allocation to Activity Cost Pools. Here are some tips for using Excel: - Cell Reference: Allows you to refer to data from another cell in the worksheet. If you entered "=B5" into a blank cell, the formula would output the value from cell B5. - Basic Math Functions: Allow 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). For example, if you entered "=B4+B5" in a blank cell, the formula would add the values from those cells and output the result. - SUM Function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges. If you entered "=SUM(C4,C5,C6)" into a blank cell, the formula would output the result of adding those three separate cells. Similarly, if you entered "=SUM(C4:C6)", the formula would output the same result of adding those cells. The following information relates to overhead cost at Chocolates by Jacki for the current year. Total costs and distribution of resource consumption across activity cost pools: \begin{tabular}{|c|c|c|c|c|c|c|} \hline & \multirow[b]{2}{*}{ Total Cost } & \multicolumn{4}{|c|}{ Activity Cost Pools } & \multirow[b]{2}{*}{ Total } \\ \hline & & CustomerOrders & ProductDevelopment & CustomerRelations & Other & \\ \hline \multicolumn{7}{|l|}{ Production Department: } \\ \hline Indirect factory wages & $400,000 & 50% & 30% & 15% & 5% & 100% \\ \hline Factory equipment depreciation & 150,000 & 55% & 30% & 0% & 15% & 100% \\ \hline Factory utilities & 120,000 & 59% & 34% & 0% & 7% & 100% \\ \hline Factory property taxes and insurance & 75,000 & 57% & 33% & 0% & 10% & 100% \\ \hline \multicolumn{7}{|l|}{ General Administrative Department: } \\ \hline Administrative wages and salaries & 275,000 & 20% & 10% & 40% & 30% & 100% \\ \hline Office equipment depreciation & 40,000 & 32% & 16% & 15% & 37% & 100% \\ \hline Adminstrative property taxes and insurance & 60,000 & 0% & 0% & 0% & 100% & 100% \\ \hline \multicolumn{7}{|l|}{ Marketing Department: } \\ \hline Marketing wages and salaries & 150,000 & 20% & 10% & 40% & 30% & 100% \\ \hline Selling expenses & 100,000 & 32% & 16% & 15% & 37% & 100% \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions