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.

I need formulas too please

tanford Eterises uses job-order costing. 2he allocation base for overhead is direct labor hours. 4 )ata for the year just ended 5 stimated total manufacturing overhead cost 6 stimated total direct labor hours 7 ctual total direct labor hours S 275,000 25,000 27,760 9 ctual costs for the year: 10 Purchase of raw materials (all direct) 11 Direct labor cost 12Manufacturing overhead costs 13 14 nventories 15 Raw materials (all direct) 16 Work in process 17 Finished goods 18 $375,000 $536,300 $302,750 Beginning S 15,000 11,375 $27,875 22,350 $34,600 26,450 19Jse the data to answer the following. 20 21Compute applied overhead and determine the amount of underapplied or overapplied overhead: 22 Actual manufacturing overhead cost 23 Predetermined overhead rate 24 Actual direct labor hours 25Manufacturing orhead applied 26 27 Underapplied (overapplied) manufacturing overhead 28 29Prepare a schedule of cost of goods manufactured: 31 Stanford Enterprises Schedule of Cost of Goods Manufactured 33irect materials: 34 Raw materials inventory, beginning 35 Add: Purchases of raw materials 36 Total raw materials available 37 Deduct: Raw materials inventory,ending 89 Raw materials used in production 39irect labor 0Manufacturing overhead applied to work in process 41 otal manufacturing costs 42 dd: Beginning work in process inventory 43 44 45 46 Deduct: Ending work in process inventory ost of goods manufactured 47 48 Prepare a schedule of cost of goods sold. 7. Prepare a schedule of cost of goods sold. Stanford Enterprises Schedule of Cost of Goods Sold 52 inished goods inventory, beginning 53 Add: Cost of goods manufactured 54 Cost of goods available for sale 55 Deduct: Finished goods inventory, ending 56 Jnadjusted cost of goods sold 57 nderapplied (overapplied) overhead 5 Adjusted cost of goods sold 51