Question

Downloadthe Applying Excel form and enter formulas in all cells thatcontain question marks. For example, in cell B13 enter the formula "= B5". After entering formulas in all of the cells that containedquestion marks, verify that the dollar amounts match the example inthe text. Check your worksheet by changing the estimated total amount ofthe 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 overheadrate should now be $6.00 per machine-hour. If you do not get thisanswer, find the errors in your worksheet and correct them. Chapter 3: Applying Excel
Data
Allocation base	Machine-hours
Estimated manufacturing overhead cost	$300,000
Estimated total amount of the allocationbase	75,000	machine-hours
Actual manufacturing overhead cost	$290,000
Actual total amount of the allocationbase	68,000	machine-hours
Enter a formula into each of the cellsmarked with a ? below
Computation of the predeterminedoverhead rate
Estimated manufacturing overhead cost	?
Estimated total amount of the allocationbase	?	machine-hours
Predetermined overhead rate	?	per machine-hour
Computation of underapplied oroverapplied manufacturing overhead
Actual manufacturing overhead cost	?
Manufacturing overhead cost applied toWork in Process during the year:
Predetermined overhead rate	?	per machine-hour
Actual total amount of the allocationbase	?	machine-hours
Manufacturing overhead applied	?
Underapplied (overapplied) manufacturingoverhead	?