2. Change all of the numbers in the data area of your worksheet so that it looks like this: A 1 Chapter 3: Applying Excel 2 3 Data 4 Allocation base 5 Estimated manufacturing overhead cost Estimated total amount of the allocation base Actual manufacturing overhead cost 8 Actual total amount of the allocation base 6 7 Predetermined overhead rate Machine-hours $ B $ с 409,200 62,000 machine-hours 418,200 60,000 machine-hours 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.) per machine-hour

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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2. Change all of the numbers in the data area of your worksheet so that it looks like this:
A
1 Chapter 3: Applying Excel
2
3 Data
4 Allocation base
5
Estimated manufacturing overhead cost
Estimated total amount of the allocation base
Actual manufacturing overhead cost
8 Actual total amount of the allocation base
6
7
Predetermined overhead rate
Machine-hours
$
B
$
с
409,200
62,000 machine-hours
418,200
60,000 machine-hours
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.)
per machine-hour
Transcribed Image Text:2. Change all of the numbers in the data area of your worksheet so that it looks like this: A 1 Chapter 3: Applying Excel 2 3 Data 4 Allocation base 5 Estimated manufacturing overhead cost Estimated total amount of the allocation base Actual manufacturing overhead cost 8 Actual total amount of the allocation base 6 7 Predetermined overhead rate Machine-hours $ B $ с 409,200 62,000 machine-hours 418,200 60,000 machine-hours 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.) per machine-hour
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