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(a) What is the Predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per machine-hour (b) By how much is the manufacturing overhead underapplied or overapplied? manufacturing overhead

(a) What is the Predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per machine-hour (b) By how much is the manufacturing overhead underapplied or overapplied? manufacturing overhead

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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2. Change all of the numbers in the data area of your worksheet so that it looks like this: A В C 1 Chapter 3: Applying Excel Data 4 Allocation base Machine-hours Estimated manufacturing overhead cost $ 713,400 6. Estimated total amount of the allocation base 87,000 machine-hours 7 Actual manufacturing overhead cost 695,900 8. Actual total amount of the allocation base 86,000 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.) Predetermined overhead rate per machine-hour (b) By how much is the manufacturing overhead underapplied or overapplied? manufacturing overhead 24 3.
Transcribed Image Text:2. Change all of the numbers in the data area of your worksheet so that it looks like this: A В C 1 Chapter 3: Applying Excel Data 4 Allocation base Machine-hours Estimated manufacturing overhead cost $ 713,400 6. Estimated total amount of the allocation base 87,000 machine-hours 7 Actual manufacturing overhead cost 695,900 8. Actual total amount of the allocation base 86,000 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.) Predetermined overhead rate per machine-hour (b) By how much is the manufacturing overhead underapplied or overapplied? manufacturing overhead 24 3.
B23 fx =B18-B22 A В C 1 Chapter 3: Applying Excel 3 Data 4 Allocation base Machine-hours $300,000 75,000 machine-hours $290,000 68,000 machine-hours 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 11 12 Computation of the predetermined overhead rate 13 Estimated manufacturing overhead cost 14 Estimated total amount of the allocation base 15 Predetermined overhead rate $300,000 75,000 machine-hours $4.00 per machine-hour 16 17 Computation of underapplied or overapplied manufacturing overhead 18 Actual manufacturing overhead cost 19 Manufacturing overhead cost applied to Work in Process during the year: $ 290,000 $4.00 per machine-hour 68,000 machine-hours $ 272,000 $ 20 Predetermined overhead rate 21 Actual total amount of the allocation base Manufacturing overhead applied 23 |Underapplied (overapplied) manufacturing overhead 22 18,000 24 25 26 27 28 20
Transcribed Image Text:B23 fx =B18-B22 A В C 1 Chapter 3: Applying Excel 3 Data 4 Allocation base Machine-hours $300,000 75,000 machine-hours $290,000 68,000 machine-hours 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 11 12 Computation of the predetermined overhead rate 13 Estimated manufacturing overhead cost 14 Estimated total amount of the allocation base 15 Predetermined overhead rate $300,000 75,000 machine-hours $4.00 per machine-hour 16 17 Computation of underapplied or overapplied manufacturing overhead 18 Actual manufacturing overhead cost 19 Manufacturing overhead cost applied to Work in Process during the year: $ 290,000 $4.00 per machine-hour 68,000 machine-hours $ 272,000 $ 20 Predetermined overhead rate 21 Actual total amount of the allocation base Manufacturing overhead applied 23 |Underapplied (overapplied) manufacturing overhead 22 18,000 24 25 26 27 28 20
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