Chapter 3 Applying Excel (B) Saved Help Submi Save & Exit Check my work 1 Required information 10 The Excel worksheet form that appears below is to be used to recreate part of the example relating to Turbo Crafters that appears earlier points the chapter. eBook 2. Change all of the numbers in the data area of your worksheet so that it looks like this: Print References C A 1 Chapter 3: Applying Excel Data Allocation base Machine-hours $ Estimated manufacturing overhead cost 291,500 5 55,000 machine-hours Estimated total amount of the allocation base Actual manufacturing overhead cost 302,500 49,000 machine-hours Actual total amount of the allocation base 8 ook Print If your formulas are correct, you should get the correct answers to the following questions. References (a) What is the Predetermined overhead rate? (Round your answer to 2 decimal places.) per machine- hour Predetermined overhead rate (b) By how much is the manufacturing overhead underapplied or overapplied? manufacturing overhead