Question

The Excel worksheet form that appears is to be used to re-create part of the example relating to Turbo Crafters that appears earlier in 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 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 pre-determined overhead rate should now be $6.00 per machine-hour and the final Underapplied (overapplied) manufacturing overhead should be $(118,000). If you do not get this answer, find the errors in your worksheet and correct them.
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Applying Excel
Data
Allocation base Machine-hours
Estimated manufacturing overhead cost $300,000
Estimated total amount of the allocation base 6 75,000
Actual manufacturing overhead cost $290,000
Actual total amount of the allocation base machine-hours 68,000
Computation of the predetermined overhead rate
Estimated manufacturing overhead cost
Estimated total amount of the allocation base
Pre-determined 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:
Pre-determined overhead rate 21 per machine-hour
Actual total amount of the allocation base machine-hours
Manufacturing overhead applied
Underapplied (overapplied) manufacturing overhead

Answer 1

Answer:

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Explanation:

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