Predetermined Overhead Rate Assignment
Chapter 3 Applying Excel (B)i Saved Help Save & E-Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return .. 1 ! 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 10 points 2. Change all of the numbers in the data area of your worksheet so that it looks like this: A C Chapter 3: Applying Excel 1 Data Allocation base 4 Machine-hours Estimated manufacturing overhead cost 554,400 72,000 machine-hours Estimated total amount of the allocation base 6 Actual manufacturing overhead cost S 563,800 64,000 machine-hours 8 Actual total amount of the allocation base Chapter 3 Applying Excel (B)6 Saved Hel Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate com 1 Required information 10 points 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.) The answer is complete but not entirely correct. 7,69 per machine- hour Predetermined overhead rate (b) By how much is the manufacturing overhead underapplied or overapplied? X Answer is complete but not entirely correct Overapplied manufacturing overhead $ 71,360x Chapter 3 Applying Excel (B)i Saved Help Save & Exit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to 1 verannuene Required information 10 points 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 77,000 machine-hours, but keep everything the same as in Requirement 2. The data area of your worksheet should now look like this: A B C Chapter 3: Applying Excel 7 Data Allocation base Machine-hours 4 5 Estimated manufacturing overhead cost 554,400 77,000 machine-hours Estimated total amount of the allocation base Actual manufacturing overhead cost Actual total amount of the allocation base 7 563,800 64,000 machine-hours Chapter 3 Applying Excel (B) i Saved Help Save & Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return 1 Required information (a) By how much is the manufacturing overhead underapplied or overapplied? 10 points Answer is complete but not entirely correct. Overapplied manufacturing overhead $103,334 (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 checkmark for correct answers and double click the box with the question mark to empty the box for wrong answers. Any boxes left with a question mark will be automatically graded as incorrect.) The change in the estimated total amount of the allocation base affected the predetermined overhead rate. The change in the estimated total amount of the allocation base affected the amount of manufacturing overhead applied. Actual manufacturing overhead cost differs from period to period. The estimated manufacturing overhead cost did not change in proportion to the change in the estimated total amount of the allocation base. Chapter 3 Applying Excel (B) Saved Help Save& Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Rated 1 alloestlan Required information 4. Change the estimated total amount of the allocation base back to 72,000 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 $563,800 to $559,300. The data area of your worksheet should now look like this: points A B C 1 Chapter 3: Applying Excel 2 3 Data Allocation base 4 Machine-hours 5 Estimated manufacturing overhead cost 554,400 72,000 machine-hours 6 Estimated total amount of the allocation base 7 Actual manufacturing overhead cost 559,300 64,000 machine-hours 8 Actual total amount of the allocation base Chapter 3 Applying Excel (B) i Help Saved Save Exit Check my work mode: This shows what correct or incorrect for the work you have completed so far. It does not indicate completion. Return to q 1 Required information (a) By how much is the manufacturing overhead underapplied or overapplied? 10 points Answer is complete but not entirely correct. manuf ring Overapplied overhead $ 66,861 (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 checkmark for correct answers and double click the box with the question mark to empty the box for 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.
