Required information The Chapter 5 Form worksheet is to be used to create your own worksheet version of the Review Problem forActivity Based Costing found in the text (include a link ofthe problem). 2. Asste that OfficeMart places orders more frequently, but everything else remains the same. On your worksheet increase the number of orders from 4 to 8. {Prior to completing this requirement, change all worksheet figures back to their original amounts.) A B C D E 1 Chapter 5: Applying Excel 2 3 Data 4- Manufacturing overhead 500:000 5 Selling and administrative overhead 300:000 6 7 Assembling Processing Supporting Other Units Orders Customers 8 Manufacturing overhead 50% 35% 5% 10% 9 Selling and administrative overhead 10% 45% 25% 20% 10 Total activity 1:000 25E] 100 11 units orders customers 12 13 OfceMart orders: 14 Customers 1 customer 15 Orders 3 orders 16 Number of ling cabinets ordered in total 80 units 17 Selling price $ 595 18 Direct materials 55 130 19 Direct labor 3% 50 Required information [a] What is the customer margin under activitybased costing when the number of orders increases to 8? {Enter a loss as a negative amount} {b} What is the product margin under the traditional costing system when the number of orders increases to 8? (Enter a loss as a negative amount.) (c) Which of the following statements are true? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) lfa customer orders more frequently, but orders the same total number of units over the course of a year, the customer margin under activity based costing will decrease. lfa customer orders more frequently, but orders the same total number of units oyerTJ'Ie course ofa year, the product margin under a traditional costing system will decrease. lfa customer orders more frequently, but orders the same total number of units over the course of a year, the customer margin under activity based costing will be unaffected. l'fa customer orders more frequently, but orders the same total number of units oyer'le course ofa year, the product margin under a traditional costing system will be unaffected