A C D L H Chapter 3: Applying Excel Data 4 Alocation base 5 Estimated manufacturing overhead coat Estimated total amount of the allocation base 7 Actual manufacturing overhead cost 8 Actual total amount of the allocation base 9 10 Enter a formula into each of the cells marked with a 7 below 11 12 Computation of the predetermined overhead rate 13 Fstimated manufacturing overhead cost 14 Estimated total amount of the alocation base 15 Predetermined overhead rate 16 17 Computation of underapplied or overapplied manufacturing overhead 18 Actual manufacturing overhead cost 19 Manufacturing overhead cost applied to Work in Process during the year 20 Predetermined overhead rate 21 Actual total amount of the allocation base 22 Manufacturing overhead appled 23 Underapplied (overapplied) manufacturing overhead 24 25 Machine-hours $300,000 75,000 machine-hours $290,000 68,000 machine-hours ? 7machine-hours 7 per machine-hour ? per machine-hour 7 machine-hours " 2 26 27 28 29 31 2 3 Chapter 3 Form + 1 1 of 2 ped ok ht ences Required information 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. Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse." Next, click "Save." You will use this worksheet to answer the questions in Part 2. (EMI