Chapter 3: Applying Excel pt. 2 Data Machine-hours Allocation base Estimated manufacturing overhead cost $248,400 54,000 machine-hours Estimated total amount of the allocation base Actual manufacturing overhead cost Actual total amount of the allocation base $267,000 52,000 machine-hours Enter a formula into each of the cells marked with a ? below 6 Computation of the predetermined overhead rate Estimated manufacturing overhead cost ? machine-hours Estimated total amount of the allocation base ? per machine-hour Predetermined overhead rate Computation of underapplied or overapplied manufacturing overhead 12 Actual manufacturing overhead cost 13 Process during the year Manufacturing overhead cost applied to Work in Pre ? per machine-hour Predetermined overhead rate 45 Actual total amount of the allocation base ? machine-hours 46 Manufacturing overhead applied 47 Underapplied (overapplied) manufacturing overhead 7 48 49 50 (a) By how much is the manufacturing overhead underapplied or overapplied? manufacturing overhead (b) Why is the amount of underapplied (overapplied) manufacturing overhead different from Requirement 2 above? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answers and double click the box with the question mark to empty the box for a wrong answers. Any boxes left with a question mark will be automatically graded as incorrect.) The change in the estimated total amount of the allocation base affected the predetermined overhead rate. The change in the estimated total amount of the allocation base affected the amount of manufacturing overhead applied. 7 Actual manufacturing overhead cost differs from period to period. The estimated manufacturing overhead cost did not change in proportion to the change in the estimated total amount of the allocation base. 7