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. it in a blank cell, E5' was entered the formula would output the result from cell Es, or $275,000 in this example, Basic Moth functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: plus sign to adu). (minus sign to subtract)." (asterisk sign to multiply)and/orward stash to divide). From the Excel Simulation below. If in a blank cell --E6+67" was entered the formuln would add the values from those cells and output the result, or 52,760 in this example 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 of sanges to utilize this function. From the ExcelSimulation below. If in a blank cell **SUME10,11,12" was entered the formula would output the result of adding those three separate cels, or 1214,050 in this example Similarly, if in a blank cell **SUME 10: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 1214,050 in this 7 - 5. Cost of Goods Manufactured and cost of Goods Sold - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign in FILE HOME INSERT Calbei 11 B TV A Alignment Number Conditional Formatas Cell Formatting Table Styles Style Stanford Enterprises uses job-order costing Clipboard THE A1 E F H ce 3 C D 1 Stanford Enterplises uses job-order costing 2 The allocation base for overhead is direct labor hours 3 Sa for the year just ended 5 Estimated total manufacturing overhead COST 6 Estimated total direct labor hours 7 Luni total direct labor hours $ 275,000 25,000 27,760 Actul costs for the year Purchase of raw materials in direct Direct laboro 13 Manufacturing overhead costs 5375,000 5536,300 5302.750 14 nentores Raw materials (all direct) 16 Wonin process 17 Frihed goods Beginning 5 15,000 $ 27,875 5 34,600 Ending $ 11,375 $ 22,350 5 26,450 19e the data to answer the following 21 Compute pplied overhead and determine the amount of underapplied or overspelled overhead Actual macturing overhead cost Predetermined overhead rate Actuator hours Sheet Am TO Cost of Goods Manufactured and Cost of Goods Sold - Excel REVIEW VIEW DATA FILE FORMULAS HOME INSERT PAGE LAYOUT Calbi - Cell BIU Alignment Number Conditional Format Cell Formatting Table Styles