Question: please use excel formulas and show them in the notes. thanks Chapter 5: Applying Excel: Excel Worksheet (Part 1 of 2) (Algo) Download the Applying







please use excel formulas and show them in the notes. thanks
Chapter 5: Applying Excel: Excel Worksheet (Part 1 of 2) (Algo) Download the Applying Excel form and enter formulas in all cells that contaln questlon 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 the 50,000 machine-hours, keeping the 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. Chapter 5: Applying Excel: Exercise (Part 2 of 2) (Algo) 2. Change all of the numbers in the data area of your worksheet so that it looks like this: If your formulas are correct, you should get the correct answers to the following questions. (a) What is the Predetermined overhead rate? (Round your answer to 2 decimal places.) (b) By how much is the manufacturing overhead underapplied or overapplied? 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 41,000 machine-hours, but keep everything the same as in Requirement 2. The data area of your worksheet should now look like this: (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 answer. Single click the box with the questlon mark to produce a check mark for a correct answers and double click the box with the questlon mark to empty the box for a wrong answers. Any boxes left with a questlon mark will be automatically graded as incorrect.) ? The change in the estimated total amount of the allocation base affected the predetermined overhead rate. 2 Actual manufacturing overhead cost differs from period to period. 2 The estimated manufacturing overhead cost did not change in proportion to the change in the estimated total amount of the allocation base. 4. Change the estimated total amount of the allocation base back to 37,000 machine-hours, so that the data area of you workheet looks exactly the same as in Requirement 2. Now change the actual manufacturing overhead cost from $158,100 to $166,500. The data area of your worksheet should now look like this: (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 answer. Single click the box with the question mark to produce a check mark 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 a question mark will be automatically graded as incorrect.) The predetermined overhead rate changed. ? The change in the actual manufacturing overhead cost directly resulted in a comparable change in the amount of underapplied (overapplied) manufacturing overhead. ? The change in the estimated total amount of the allocation base affected the amount of manufacturing overhead applied
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