## Question

# PLEASE LIST FORMULAS Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell B13 enter the

PLEASE LIST FORMULAS

**Download the Applying Excel form and enter formulas in all cells that contain question marks.**

For example, in cell B13 enter the formula "= B5".

After entering formulas in all of the cells that contained question marks, verify that the dollar amounts match the example in the text.

Check your worksheet by changing the estimated total amount of the allocation base in the Data area to 50,000 machine-hours, keeping all of the other data the same as in the original example. If your worksheet is operating properly, the predetermined overhead rate should now be $6.00 per machine-hour. If you do not get this answer, 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 answer the questions in Part 2.**

PLEASE LIST FORMULAS ON HOW TO SOLVE AS WELL

Chapter 3: Applying Excel | ||

Data | ||

Allocation base | Machine-hours | |

Estimated manufacturing overhead cost | $300,000 | |

Estimated total amount of the allocation base | 75,000 | machine-hours |

Actual manufacturing overhead cost | $290,000 | |

Actual total amount of the allocation base | 68,000 | machine-hours |

Enter a formula into each of the cells marked with a ? below | ||

Computation of the predetermined overhead rate | ||

Estimated manufacturing overhead cost | ? | |

Estimated total amount of the allocation base | ? | machine-hours |

Predetermined overhead rate | ? | per machine-hour |

Computation of underapplied or overapplied manufacturing overhead | ||

Actual manufacturing overhead cost | ? | |

Manufacturing overhead cost applied to Work in Process during the year: | ||

Predetermined overhead rate | ? | per machine-hour |

Actual total amount of the allocation base | ? | machine-hours |

Manufacturing overhead applied | ? | |

Underapplied (overapplied) manufacturing overhead | ? |

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