Chapter 3: Applying Excel Data Allocation base Machine-hours Estimated manufacturing overhead cost $300,000 Estimated total amount...
| Chapter 3: Applying Excel | ||
| Data | ||
| Allocation base | Machine-hours | |
| Estimated manufacturing overhead cost | $300,000 | |
| Estimated total amount of the allocation base | 60,000 | 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 | ? | |
Homework Answers
Answer
Snapshot of completely filled worksheet is given below:
--Cell references used:
|
Allocation base |
Machine-hours |
|
|
Estimated manufacturing overhead cost |
300000 |
|
|
Estimated total amount of the allocation base |
60000 |
machine-hours |
|
Actual manufacturing overhead cost |
290000 |
|
|
Actual total amount of the allocation base |
68000 |
machine-hours |
|
Enter a formula into each of the cells marked with a ? below |
||
|
Computation of the predetermined overhead rate |
||
|
Estimated manufacturing overhead cost |
=C4564 |
|
|
Estimated total amount of the allocation base |
=C4565 |
machine-hours |
|
Predetermined overhead rate |
=C4572/C4573 |
per machine-hour |
|
Computation of underapplied or overapplied manufacturing overhead |
||
|
Actual manufacturing overhead cost |
=C4566 |
|
|
Manufacturing overhead cost applied to Work in Process during the year: |
||
|
Predetermined overhead rate |
=C4574 |
per machine-hour |
|
Actual total amount of the allocation base |
=C4567 |
machine-hours |
|
Manufacturing overhead applied |
=+C4579*C4580 |
|
|
Underapplied (overapplied) manufacturing overhead |
=C4577-C4581 |
|
Add Answer to:
Chapter 3: Applying Excel
Data
Allocation base
Machine-hours
Estimated manufacturing overhead cost
$300,000
Estimated total amount...
Data Allocation base Machine-hours Estimated manufacturing overhead cost $300,000 Estimated total amount of the allocation base...
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 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...
Where the ? marks are, there needs to be a formula. Thanks! Thanks for the Help...
Where the ? marks are, there needs to be a formula. Thanks!
Thanks for the Help :)
A 1 Chapter 3: Applying Excel 3 Data 4 Allocation base 5 Estimated manufacturing overhead cost 6 Estimated total amount of the allocation base 7 Actual manufacturing overhead cost 8 Actual total amount of the allocation base 9 10 Enter a formula into each of the cells marked with a ? below Machine-hours $300,000 75,000 machine-hours $290,000 68,000 machine-hours 11 ? machine-hours ?...
D E F G H K G#: Copy Formulas A B C 1 Chapter 3: Applying...
D E F G H K G#: Copy Formulas A B C 1 Chapter 3: Applying Excel Name: 2 3 Data 4 Allocation base Machine-hours Estimated manufacturing overhead cost $300,000 6 Estimated total amount of the allocation base 75,000 machine-hours 7 Actual manufacturing overhead cost $290,000 8 Actual total amount of the allocation base 68,000 machine-hours 9 10 Enter a formula into each of the green cells marked with a ? below. Once complete use the "Copy Formula" button. 11...
4. Change the estimated total amount of the allocation base back to 39,000 machine-hours, so that...
4. Change the estimated total amount of the allocation base back to 39,000 machine-hours, so that the data area of you worksheet looks exactly the same as in Requirement 2. Now change the actual manufacturing overhead cost from $184,800 to $193,500. The data area of your worksheet should now look like this: 1 Chapter 3: Applying Excel 4 5 6 7 8 Data Allocation base Estimated manufacturing overhead cost Estimated total amount of the allocation base Actual manufacturing overhead cost...
A B C 1 2 3 4 5 6 7 8 Chapter 3: Applying Excel Data...
A B C 1 2 3 4 5 6 7 8 Chapter 3: Applying Excel Data Allocation base Machine-hours Estimated manufacturing overhead cost $290,700 Estimated total amount of the allocation base 57,000 machine-hours Actual manufacturing overhead cost $273,700 Actual total amount of the allocation base 60,000 machine-hours (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 can select one or more) The...
Chapter 3: Applying Excel: Exercise 2. Change all of the numbers in the data area of...
Chapter 3: Applying Excel: Exercise 2. Change all of the numbers in the data area of your worksheet so that it looks like this: с 1 Chapter 3: Applying Excel 2 3 4 5 Data Allocation base Estimated manufacturing overhead cost Estimated total amount of the allocation base Actual manufacturing overhead cost Actual total amount of the allocation base 6 Machine-hours $ 275,600 52.000 machine-hours $ 261,600 50,000 machine-hours 7 00 If your formulas are correct, you should get the...
A B C D E F H J M N Name: G# 1 Chapter 3: Applying...
A B C D E F H J M N Name: G# 1 Chapter 3: Applying Excel 2 3 Data 4 Allocationibus 5 Estimated manufacturing overhead cost 6 Estimated total amount of the allocation base 7 Actual manufacturing overhead cost B Actual total amount of the allocation base Machine-hours $300,000 75,000 machine-hours $290,00D 68,00D machine-hours Copy Formulas 10 Enfer a formula into each of the green cells marked with a 7 below. Once complete use the "Copy Formula" button. 11...
A B C 1 2 3 4 5 6 7 8 Chapter 3: Applying Excel Data...
A B C 1 2 3 4 5 6 7 8 Chapter 3: Applying Excel Data Allocation base Machine-hours Estimated manufacturing overhead cost $290,700 Estimated total amount of the allocation base 57,000 machine-hours Actual manufacturing overhead cost $281,700 Actual total amount of the allocation base 60,000 machine-hours (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?
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 2,500...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 2,500 $10,000 $ 1.40 1,500 $15,000 $ 2.20 4,000 $25,000 Job P $13,000 $21,080 Job $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,380 800 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the...
Given the following data, answer the questions below the table: ------------------------------------------------------------------------------------------------------------------------ Data Allocation base Machine-hours Estimated...
Given the following data, answer the questions below the table: ------------------------------------------------------------------------------------------------------------------------ Data Allocation base Machine-hours Estimated manufacturing overhead cost $220,800 Estimated total amount of the allocation base 46,000 machine-hours Actual manufacturing overhead cost $240,100 Actual total amount of the allocation base 42,000 machine-hours ------------------------------------------------------------------------------------------------------------------------ a) What is the pre-determined overhead rate? b) By how much is the manufacturing overhead underapplied or overapplied? c) Change the estimated total amount of allocation base to 48,000 machine hours, now by how much is...
Where the ? marks are, there needs to be a formula. Thanks!
Thanks for the Help :)
A 1 Chapter 3: Applying Excel 3 Data 4 Allocation base 5 Estimated manufacturing overhead cost 6 Estimated total amount of the allocation base 7 Actual manufacturing overhead cost 8 Actual total amount of the allocation base 9 10 Enter a formula into each of the cells marked with a ? below Machine-hours $300,000 75,000 machine-hours $290,000 68,000 machine-hours 11 ? machine-hours ?...
D E F G H K G#: Copy Formulas A B C 1 Chapter 3: Applying Excel Name: 2 3 Data 4 Allocation base Machine-hours Estimated manufacturing overhead cost $300,000 6 Estimated total amount of the allocation base 75,000 machine-hours 7 Actual manufacturing overhead cost $290,000 8 Actual total amount of the allocation base 68,000 machine-hours 9 10 Enter a formula into each of the green cells marked with a ? below. Once complete use the "Copy Formula" button. 11...
4. Change the estimated total amount of the allocation base back to 39,000 machine-hours, so that the data area of you worksheet looks exactly the same as in Requirement 2. Now change the actual manufacturing overhead cost from $184,800 to $193,500. The data area of your worksheet should now look like this: 1 Chapter 3: Applying Excel 4 5 6 7 8 Data Allocation base Estimated manufacturing overhead cost Estimated total amount of the allocation base Actual manufacturing overhead cost...
Chapter 3: Applying Excel: Exercise 2. Change all of the numbers in the data area of your worksheet so that it looks like this: с 1 Chapter 3: Applying Excel 2 3 4 5 Data Allocation base Estimated manufacturing overhead cost Estimated total amount of the allocation base Actual manufacturing overhead cost Actual total amount of the allocation base 6 Machine-hours $ 275,600 52.000 machine-hours $ 261,600 50,000 machine-hours 7 00 If your formulas are correct, you should get the...
A B C D E F H J M N Name: G# 1 Chapter 3: Applying Excel 2 3 Data 4 Allocationibus 5 Estimated manufacturing overhead cost 6 Estimated total amount of the allocation base 7 Actual manufacturing overhead cost B Actual total amount of the allocation base Machine-hours $300,000 75,000 machine-hours $290,00D 68,00D machine-hours Copy Formulas 10 Enfer a formula into each of the green cells marked with a 7 below. Once complete use the "Copy Formula" button. 11...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 2,500 $10,000 $ 1.40 1,500 $15,000 $ 2.20 4,000 $25,000 Job P $13,000 $21,080 Job $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,380 800 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the...
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