Chapter 7: (Algo) Applying Excel: Excel Worksheet (Part 1 of 2)

Chapter 7: (Algo) Applying Excel: Excel Worksheet (Part 1 of 2) Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell B26 enter the formula "= B4*B8". Note that the worksheet contains a section at the bottom titled "Determine the Product Margin Under a Traditional Cost System" that is not in the Review Problem. In this section, it is assumed that the traditional costing system allocates manufacturing overhead on the basis of the number of units produced. When completed, that part of the worksheet should contain the following results: After entering formulas in all of the cells that contained question marks, verify that the dollar amounts match the numbers in the Review Problem. Check your worksheet by doubling the units ordered in cell B16 to 160 . The customer margin under activity-based costing should now be $7,640 and the traditional costing product margin should be $(21,600). If you do not get these results, 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 ancwer the allections in Part 2. Chapter 7: Applying Excel Data Manufacturing overhead Selling and administrative overhead $500,000 $300,000 Assembling Processing Supporting Units Orders Customers Other Manufacturing overhead Selling and administrative overhead Total activity OfficeMart orders: Customers Orders Number of filing cabinets ordered in total Selling price Direct materials Direct labor 50% 10% 1,000 units 35% 45% 5% 25% 10% 100 orders customers 1 customer 4 orders 80 units $595 $180 $50 Enter a formula into each of the cells marked with a ? below Review Problem: Activity-Based Costing Perform the first stage allocations Manufacturing overhead Selling and administrative overhead Total cost Compute the activity rates Activity Cost Pools Assembling units Processing orders Supporting customers Compute the overhead cost attributable to the OfficeMart orders \begin{tabular}{l|l|} \hline Activity Cost Pools & Activity Rate \\ \hline Assembling units & ? per unit \\ \hline Processing orders & ? per order \\ \hline Supporting customers & ? per customer \\ \hline \end{tabular} Determine the customer margin for the OfficeMart orders under Activity-Based Costing Sales Costs: Direct materials Direct labor Unit-related overhead Order-related overhead Customer-related overhead Customer margin \begin{tabular}{|r|r|} \hline & ? \\ \hline? & \\ \hline? & \\ \hline? & \\ \hline? & ? \\ \hline? & ? \\ \hline \end{tabular} Determine the product margin for the OfficeMart orders under a traditional cost system Manufacturing overhead Total activity Manufacturing overhead per unit Sales Costs: Direct materials Direct labor Manufacturing overhead Traditional costing product margin