Save & Exit Chapter 3 Applying Excel (B) Saved Help Check m Required information The Excel worksheet form that appears below is to be used to recreate part of the example relating to Turbo Crafters that appears earlier in the chapter. 1C points eBook 2. Change all of the numbers in the data area of your worksheet so that it looks like this: Print References A B C Chapter 3: Applying Excel Data Allocation base Machine-hours Estimated manufacturing overhead cost $ 554.400 72,000 machine-hours Estimated total amount of the allocation base Actual manufacturing overhead cost 563,800 Actual total amount of the allocation base 64,000 machine-hours 8 points If your formulas are correct, you should get the correct answers to the following questions eBook (a) What is the Predetermined overhead rate? (Round your answer to 2 decimal places.) Print References Predetermined overhead rate per machine- hour (b) By how much is the manufacturing overhead underapplied or overapplied? manufacturing overhead Save & Exit Chapter 3 Applying Excel (B) Saved Help Check m 1 Required information 3. Either print or make a copy of your worksheet in your workbook before proceeding. You will need to refer back to this worksheet. 10 Change the estimated total amount of the allocation base to 77,000 machine-hours, but keep everything the same as in Requirement 2. The data area of your worksheet should now look like this points eBook C A B Print Chapter 3: Applying Excel 2 References Data Allocation base 4 Machine-hours 5 Estimated manufacturing overhead cost 554,400 Estimated total amount the allocation base 77,000 machine-hours 6 Actual manufacturing overhead cost 563.800 Actual total amount of the allocation base 64,000 machine-hours (a) By how much is the manufacturing overhead underapplied or overapplied? manufacturing averhead Chapter 3 Applying Excel (B) i) Help Save & Saved C 1 Required information (b) Why is the amount of underapplied (overapplied) manufacturing overhead different from Requirement 2 above? (You may select more than one answer. Single click the box with the question mark to produce a check mark for click the box with the question mark to empty the box for a wrong answers. Any boxes left with automatically graded as incorrect.) 10 correct answers and double question mark will be points eBook Print ?The change in the estimated total amount of the allocation base affected the predetermined overhead rate. References | ? The change in the estimated total amount of the allocation base affected the amount of manufacturing overhead applied. | ? Actual manufacturing overhead cost differs from period to period. ? The estimated manufacturing overhead cost did not change proportion to the change in the estimated total amount of the allocation base 4. Change the estimated total amount of the allocation base back to 72,000 machine-hours, so that the data area of you worksheet looks exactly the same as in Requirement 2. Now change the actual manufacturing overhead cost from $563,800 to $559,300. The data area of your worksheet should now look like this: B A C Chapter 3: Applying Excel 2 Data Allocation base 4 Machine-hours 554,400 Estimated manufacturing overhead cost Chapter 3 Applying Excel (B) Help Save & E Saved Che 1 Required information 4. Change the estimated total amount of the allocation base back to 72,000 machine-hours, so that the data area of you worksheet looks exactly the same as in Requirement 2. Now change the actual manufacturing overhead cost from $563,800 to $559,300. The data area of your worksheet should now look like this: 10 points eBook A C Print 1 Chapter 3: Applying Excel References Data 3 Allocation base Machine-hours Estimated manufacturing overhead cost 554,400 72,000 machine-hours Estimated total amount of the allocation base 6 Actual manufacturing overhead cost 559,300 64,000 machine-hours 8 Actual total amount of the allocation base (a) By how much is the manufacturing overhead underapplied or overapplied? manufacturing overhead Chapter 3 Applying Excel (B) Saved Help Save & Exit Check m 1 Required information overhead 10 points eBook Print References (b) Why is the amount of underapplied (overapplied) manufacturing overhead different from Requirement 2 above? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answers and double click the box with the question mark to empty the box for a wrong answers. Any boxes left with a question mark will be automatically graded as incorrect.) The predetermined overhead rate changed. The change In the actual manufacturing overhead cosl directly resulted in a comparable change In the amount of underapplled (overapplie manufacturin The change in the estimated total amount of the allocation base affected the amount of manufacturing overhead applied