Question: can someone please help me and explain how to input the formula for the ones i have blank into excel? Stanford Enterprises has provided its



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 E6E7" 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 *=SUME10, 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 5. Cost of Goods Manufactured FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW 11 Calibri 11 - A A % M Paste BIU D-A Alignment Number Cells Editing Conditional Format as Cell Formatting Table Styles Styles Clipboard Font F58 V fx B C D E F 1 Stanford Enterprises uses job-order costing. 2 The allocation base for overhead is direct labor hours. 3 4 Data 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 D00 12 15 9 Actual costs for the year: 10 Purchase of raw materials (all direct) $375,000 11 Direct labor cost $536,300 Manufacturing overhead costs $302,750 13 14 Inventories: Beginning Ending Raw materials (all direct) $ 15,000 $ 11,375 16 Work in process $ 27,875 $ 22,350 17 Finished goods $ 34,600 $ 26,450 18 19 Use the data to answer the following. 20 21 1. Compute applied overhead and determine the amount of underapplied or overapplied overhead: 22 Actual manufacturing overhead cost $ 302,750 23 Predetermined overhead rate $11.00 Actual direct labor hours 27,760 Sheet1 24 REVIEW Sign In FORMULAS DATA VIEW FILE INSERT PAGE LAYOUT HOME M Calibri % 11 -A Cells Editing >> Paste Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font F58 F G H $ 302,750 24 305,360 $ 12.610) B D E 22 Actual manufacturing overhead cost 23 Predetermined overhead rate $11.00 Actual direct labor hours 27,760 25 Manufacturing overhead applied 26 27 Underapplied (overapplied) manufacturing overhead 28 29 2. Prepare a schedule of cost of goods manufactured: 30 31 Stanford Enterprises 32 Schedule of Cost of Goods Manufactured 33 Direct materials: 34 Raw materials inventory, beginning $ 15,000 35 Add: Purchases of raw materials 375,000 36 Total raw materials available $ 390,000 37 Deduct: Raw materials inventory, ending 11,375 38 Raw materials used in production 39 Direct labor 40 Manufacturing overhead applied to work in process 41 Total manufacturing costs 42 Add: Beginning work in process inventory 43 44 Deduct: Ending work in process inventory 45 Cost of goods manufactured $ 378,625 305,360 27,875 22,350 Total manufacturing costs Add: Beginning work in process inventory 27,875 22,350 Deduct: Ending work in process inventory Cost of goods manufactured 3. Prepare a schedule of cost of goods sold. Stanford Enterprises Schedule of Cost of Goods Sold U $ 34,600 26,450 2 Finished goods inventory, beginning 53 Add: Cost of goods manufactured 54 Cost of goods available for sale 55 Deduct: Finished goods inventory, ending 56 Unadjusted cost of goods sold 57 Underapplied (overapplied) overhead 58 Adjusted cost of goods sold 59 60 61 (2,610)
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