For example, in cell B13 enter the formula \"= B5\". After entering formulas in
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Question
For example, in cell B13 enter the formula "= B5".
After entering formulas in all of the cells that contained question marks, verify that the dollar amounts match the example in the text.
Check your worksheet by changing the estimated total amount of the allocation base in the Data area to 50,000 machine-hours, keeping all of the other data the same as in the original example. If your worksheet is operating properly, the predetermined overhead rate should now be $6.00 per machine-hour. If you do not get this answer, find the errors in your worksheet and correct them.
Chapter 3: Applying Excel
Download the Applying Excel form and enter formulas in all cells that contain question marks.For example, in cell B13 enter the formula "= B5".
After entering formulas in all of the cells that contained question marks, verify that the dollar amounts match the example in the text.
Check your worksheet by changing the estimated total amount of the allocation base in the Data area to 50,000 machine-hours, keeping all of the other data the same as in the original example. If your worksheet is operating properly, the predetermined overhead rate should now be $6.00 per machine-hour. If you do not get this answer, find the errors in your worksheet and correct them.
Chapter 3: Applying Excel
Data Allocation base Machine-hours Estimated manufacturing overhead cost $300,000 Estimated total amount of the allocation base 75,000 machine-hours Actual manufacturing overhead cost $290,000 Actual total amount of the allocation base 68,000 machine-hours Enter a formula into each of the cells marked with a ? below Computation of the predetermined overhead rate Estimated manufacturing overhead cost ? Estimated total amount of the allocation base ? machine-hours Predetermined overhead rate ? per machine-hour Computation of underapplied or overapplied manufacturing overhead Actual manufacturing overhead cost ? Manufacturing overhead cost applied to Work in Process during the year: Predetermined overhead rate ? per machine-hour Actual total amount of the allocation base ? machine-hours Manufacturing overhead applied ? Underapplied (overapplied) manufacturing overhead ?Explanation / Answer
Allocation Base Machine Hours Estimated Manufacturing Overheads 300000 Estimated total amount of allocation base 75000 machine hours Actual Manufacturing Overhead 290000 Actual Amunt of allocation base 68000 machine hours Estimated Manufacturing Overheads 300000 Estimated total amount of allocation base 75000 machine hours Predetermined Overhead rate 4 per machine hour Actua Manufacturing Overhead cost 290000 Manufacturingoverhead cost applied to WIP during the year Predetermined Overhead rate 4 per machine hour Actual Total Amountof Allocation base 68000 machine hours Manufacturing Overhead applied 272000 Underapplied(ooverapplied) manufacturing overhead 28000
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