Formula: Multiply, Divide; Cell Referencing BE8.2. Using Excel to Calculate Applied Overhead under Actual and Standard Costing PROBLEM Sunny Daze Growers allocates manufacturing overhead based on the direct labor hours of its workers. By the end of the year, the actual hours used differed from the amount budgeted at the beginning of the year. Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem and work areas as indicated. Determine the following a. Budgeted MOH rate Actual manufacturing overhead costs Budgeted manufacturing overhead (MOH) costs Budgeted direct labor hours Actual direct labor hours used $ 35,880 $ 42,500 8,500 b. Actual MOH rate 9,200 C. Applied MOH under actual costing d. Applied MOH under normal costing