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. A1 fi Stanford Enterprises uses job-order costing 1 Stanford Enterprises uses job-order costing. 2 The allocation base for overhead is direct labor hours 4Data for the year just ended: 5 Estimated total manufacturing overhead cost 6 Estimated total direct labor hours 7 Actual total direct labor hours $ 275,000 25,000 27,760 9 Actual costs for the vear 10Purchase of raw materials (all direct) $375,000 $536,300 $302,750 Direct labor cost 12 Manufacturing overhead costs 13 14 Inventories; 15Raw materials (all direct 16Work in process 17 Finished goods 18 19 Use the data to answer the following 20 Endin Beginnin $15,000 $27,875 $ 22,350 $34,600$26,450 11,375 Compute applied overhead and determine the amount of underapplied or overapplied overhead: Actual manufacturing overhead cost Predetermined overhead rate Actual direct labor hours Manufacturing overhead applied Underapplied (overapplied) manufacturing overhead . Prepare a schedule of cost of goods manufactured: Stanford Enterprises Schedule of Cost of Goods Manufactured