Question: Required information The Excel worksheet form that appears below is to be used to recreate part of the example relating to Turbo Crafters that appears


Required information 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 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 x f Chapter 3: Applying Excel A1 Chapter 3: Applying Excel Data 4 Machine-hours Allocation base Estimated manufacturing overhead cost Estimated total amount of the allocation base Actual manufacturing overhead cost Actual total amount of the allocation base $300,000 6 75,000 machine-hours $290,000 68,000 machine-hours 9 10 Enter a formula into each of the cells marked with a ? below 12 13 14 15 16 17 18 19 20 Computation of the predetermined overhead rate Estimated manufacturing overhead cost Estimated total amount of the allocation base Predetermined overhead rate ? machine-hours ? 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: OPredetermined overhead rate 21 ? per machine-hour ? machine-hours Actual total amount of the allocation base Manufacturing overhead applied 23 24 25 26 27 28 Underapplied (overapplied) manufacturing overhead Chapter 3 Form
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