Please help, I dont understand what to do with the numbers. My textbook doesnt go into depth on how to even use excel dor this.

EXERCISE \#1 (worth 4 points): : Mordica Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $250,000, $300,000, and $90,000, respectively. The cost driver for each activity and the expected annual usage are number of setups 2,500, machine hours 25,000 , and number of inspections 1,500 . Instructions Please use an Excel spreadsheet to compute the overhead rate for each activity and upload it into Canvas. Clearly mark each activity's answer. EXERCISE \#2 (worth 7 points): Schultz Electronics manufactures two large-screen television models: the Royale which sells for $1,600, and a new model, the Majestic, which sells for $1,300. The production cost computed per unit under traditional costing for each model in 2022 was as follows. Assign overhead to products using ABC and evaluate decision. In 2022, Schultz manufactured 25,000 units of the Royale and 10,000 units of the Majestic. The overhead rate of $38 per direct labor hour was determined by dividing total expected manufacturing overhead of $7,600,000 by the total direct labor hours (200,000) for the two models. Under traditional costing, the gross profit on the models was Royale $542 or ($1,600$1,058), and Majestic $580 or ($1,300$720). Because of this difference, management is considering phasing out the Royale model and increasing the production of the Majestic model. Before finalizing its decision, management asks Schultz's controller to prepare an analysis using activity-based costing (ABC). The controller accumulates the following information about overhead for the year ended December 31, 2021. In 2022 , Schultz manufactured 25,000 units of the Royale and 10,000 units of the Majestic. The overhead rate of $38 per direct labor hour was determined by dividing total expected manufacturing overhead of $7,600,000 by the total direct labor hours (200,000) for the two models. Under traditional costing, the gross profit on the models was Royale $542 or ($1,600$1,058), and Majestic $580 or ($1,300$720). Because of this difference, management is considering phasing out the Royale model and increasing the production of the Majestic model. Before finalizing its decision, management asks Schultz's controller to prepare an analysis using activity-based costing (ABC). The controller accumulates the following information about overhead for the year ended December 31, 2021. The cost drivers used for each product were: Instructions Please use an Excel spreadsheet for your answers, clearly marking the answers to each requirement (a) - (c) and upload into Canvas a. Assign the total 2022 manufacturing overhead costs to the two products using activity-based costing (ABC) and determine the overhead cost per unit. b. What was the total cost per unit (DM+DL+ estimated OH ) and gross profit of each model using ABC ? c. Are management's future plans for the two models sound? Explain