If your formulas are correct, you should get the correct answers to the following questions. (a) What is the Predetermined overhead rate? (Round your onswer to 2 decimal places.) (b) By how much is the manufacturing overhead underapplied or overapplied? (a) By how much is the manufacturing overhead underapplied or overapplied? (b) Why is the amount of underapplied (overapplied) manufacturing overhead different from Requirement 2 above? (You may select more than one onswer. Single click the box with the question mork to produce o check mork for a correct answers and double click the box with the question mark to empty the box for a wrong onswers. Any boxes left with o question mark will be outomatically graded os incorrect.) The change in the estimated total amount of the allocation bose alfected the predetermined overthead rate The change in the estimated total amount of the allocation bose affected the amount of manufocturng overtheod applied 2 Actual manufacturing overhead cost differs from period to period (a) By how much is the manufacturing overhead underapplied or overapplied? 4. Change the estimated total amount of the allocation base back to 93,000 machine hours, so that the data area of you worksheet looks exactly the same as in Requirement 2 Now change the actual manufacturing overhead cost from $916,400 to $923,500. The data area of your worksheet should now look like this: 3. Either print or make a copy of your worksheet in your workbook before proceeding. You will need to refer back to this worksheet. Change the estimated total amount of the allocation base to 97.000 machine-hours, but keep everything the same as in Requirement 2. The data area of your worksheet should now look like this (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 mork 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 o question mark will be automatically graded as incorrect.) The predetermined overhead rate changed. 2 The change in the octual manufocturing overthead cost directly resulted in o comparable change in the amount of underopplied (overopplied) manufocturing ovecheod 2 The change in the estimated total amount of the allocation base affected the amount of manufocturing overheod applied: Required informotion The Excel worksheet form that appears below is to be used to recreate part of the example relating to Turbo Crafters that appears earlier in the chapter. 2. Change all of the numbers in the data area of your worksheet so that it looks like this