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The following data from the just completed year are taken from the accounting records of Nouf Company (in dollars): Instructions. Please prepare the following reports in the assigned tabs of the excel file: Sheet 1. Calculate POHR, overhead applied and under- or overapplied overhead Sheet 2. Prepare a schedule of cost of goods manufactured. Sheet 3. Prepare a schedule of cost of goods sold; Sheet 4. Prepare a traditional format income statement; Sheet 5. Prepare a contribution format income statement. \begin{tabular}{l|c} Data & \\ \hline Allocation base & Machine-hours \\ \hline Estimated manufacturing overhead cost & $300,000 \\ \hline Estimated total amount of the allocation base & 75,000 machine-hours \\ \hline Actual manufacturing overhead cost & $290,000 \\ Actual total amount of the allocation base & 68,000 machine-hours \end{tabular} Enter a formula into each of the cells marked with a ? below Computation of the predetermined overhead rate \begin{tabular}{ll} Estimated manufacturing overhead cost & ? \\ \hline Estimated total amount of the allocation base & ? machine-hours \\ \hline Predetermined overhead rate & ? per machine-hour \end{tabular} 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 Actual total amount of the allocation base Manufacturing overhead applied Underapplied (overapplied) manufacturing overhead \begin{tabular}{l} \hline? \\ \hline? per machine-hour \\ ? \\ \hline? \\ \hline? \\ \hline \end{tabular} Schedule of Cost of Goods Manufactured Schedule of Cost of Goods Sold Traditional Format Income Statement Contribution Format Income Statement The following data from the just completed year are taken from the accounting records of Nouf Company (in dollars): Instructions. Please prepare the following reports in the assigned tabs of the excel file: Sheet 1. Calculate POHR, overhead applied and under- or overapplied overhead Sheet 2. Prepare a schedule of cost of goods manufactured. Sheet 3. Prepare a schedule of cost of goods sold; Sheet 4. Prepare a traditional format income statement; Sheet 5. Prepare a contribution format income statement. \begin{tabular}{l|c} Data & \\ \hline Allocation base & Machine-hours \\ \hline Estimated manufacturing overhead cost & $300,000 \\ \hline Estimated total amount of the allocation base & 75,000 machine-hours \\ \hline Actual manufacturing overhead cost & $290,000 \\ Actual total amount of the allocation base & 68,000 machine-hours \end{tabular} Enter a formula into each of the cells marked with a ? below Computation of the predetermined overhead rate \begin{tabular}{ll} Estimated manufacturing overhead cost & ? \\ \hline Estimated total amount of the allocation base & ? machine-hours \\ \hline Predetermined overhead rate & ? per machine-hour \end{tabular} 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 Actual total amount of the allocation base Manufacturing overhead applied Underapplied (overapplied) manufacturing overhead \begin{tabular}{l} \hline? \\ \hline? per machine-hour \\ ? \\ \hline? \\ \hline? \\ \hline \end{tabular} Schedule of Cost of Goods Manufactured Schedule of Cost of Goods Sold Traditional Format Income Statement Contribution Format Income Statement