*** Please show the formula for each question mark, not just the final answer**

Activity Based Pricing. Enter formulas in all cells that contain question marks. 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.

1 Chapter 7: Applying Excel 2 3 Data 4 Manufacturing overhead 5 Selling and administrative overhead 6 $500,000 $300,000 5% Assembling Processing Supporting Units Orders Customers 50% 35% 10% 45% 25% 1,000 250 100 units orders customers Other 10% 20% 7 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 20 1 customer 4 orders 80 units $595 $180 $50 ? ? ? 21 Enter a formula into each of the cells marked with a ? below 22 Review Problem: Activity-Based Costing 23 24 Perform the first stage allocations Assembling Processing Supporting 25 Units Orders Customers Other Total 26 Manufacturing overhead ? ? ? 27 Selling and administrative overhead ? ? ? 28 Total cost ? ? ? 29 30 Compute the activity rates 31 Activity Cost Pools Total Cost Total Activity Activity Rate 32 Assembling units ? units ? per unit 33 Processing orders ? ? orders ? per order 34 Supporting customers ? ? customers ? per customer 35 36 Compute the overhead cost attributable to the OfficeMart orders 37 Activity Cost Pools Activity Rate Activity ABC Cost 38 Assembling units ? per unit ? units 39 Processing orders ? per order ? orders 40 Supporting customers ? per customer ? customer ? 41 ? ? ? 42 Determine the customer margin for the OfficeMart orders under Activity-Based Costing 43 Sales 44 Costs: 45 Direct materials ? 46 Direct labor ? 47 Unit-related overhead ? 48 Order-related overhead 49 Customer-related overhead ? ? 50 Customer margin ? 51 52 Determine the product margin for the OfficeMart orders under a traditional cost system 53 Manufacturing overhead ? 54 Total activity ? units 55 Manufacturing overhead per unit ? per unit 56 57 Sales ? 58 Costs: 59 Direct materials ? 60 Direct labor ? 61 Manufacturing overhead ? ? 62 Traditional costing product margin ? 63 64