Data Manufacturing overhead $500,000 Selling and administrative overhead $300,000 Assembling Units Processing Orders Supporting Customers Other Manufacturing overhead 50% 35% 5% 10% Selling and administrative overhead 10% 45% 25% 20% Total activity 1,000 250 100 units orders customers OfficeMart orders: Customers 1 customer Orders 4 orders Number of filing cabinets ordered in total 80 units Selling price $595 Direct materials $180 Direct labor $50 Enter a formula into each of the cells marked with a ? below Review Problem: Activity-Based Costing Perform the first stage allocations Assembling Units Processing Orders Supporting Customers Other Total Manufacturing overhead ? ? ? ? ? Selling and administrative overhead ? ? ? ? ? Total cost ? ? ? ? ? Compute the activity rates Activity Cost Pools Total Cost Total Activity Activity Rate Assembling units ? ? units ? per unit Processing orders ? ? orders ? per order Supporting customers ? ? customers ? per customer Compute the overhead cost attributable to the OfficeMart orders Activity Cost Pools Activity Rate Activity ABC Cost Assembling units ? per unit ? units ? Processing orders ? per order ? orders ? Supporting customers ? per customer ? customer ? Determine the customer margin for the OfficeMart orders under Activity-Based Costing Sales ? Costs: Direct materials ? Direct labor ? Unit-related overhead ? Order-related overhead ? Customer-related overhead ? ? Customer margin ? Determine the product margin for the OfficeMart orders under a traditional cost system Manufacturing overhead ? Total activity ? units Manufacturing overhead per unit ? per unit Sales ? Costs: Direct materials ? Direct labor ? Manufacturing overhead ? ? Traditional costing product margin ?

Data Manufacturing overhead $500,000 Selling and administrative overhead $300,000 Assembling Units Processing Orders Supporting Customers Other Manufacturing overhead 50% 35% 5% 10% Selling and administrative overhead 10% 45% 25% 20% Total activity 1,000 250 100 units orders customers OfficeMart orders: Customers 1 customer Orders 4 orders Number of filing cabinets ordered in total 80 units Selling price $595 Direct materials $180 Direct labor $50 Enter a formula into each of the cells marked with a ? below Review Problem: Activity-Based Costing Perform the first stage allocations Assembling Units Processing Orders Supporting Customers Other Total Manufacturing overhead ? ? ? ? ? Selling and administrative overhead ? ? ? ? ? Total cost ? ? ? ? ? Compute the activity rates Activity Cost Pools Total Cost Total Activity Activity Rate Assembling units ? ? units ? per unit Processing orders ? ? orders ? per order Supporting customers ? ? customers ? per customer Compute the overhead cost attributable to the OfficeMart orders Activity Cost Pools Activity Rate Activity ABC Cost Assembling units ? per unit ? units ? Processing orders ? per order ? orders ? Supporting customers ? per customer ? customer ? Determine the customer margin for the OfficeMart orders under Activity-Based Costing Sales ? Costs: Direct materials ? Direct labor ? Unit-related overhead ? Order-related overhead ? Customer-related overhead ? ? Customer margin ? Determine the product margin for the OfficeMart orders under a traditional cost system Manufacturing overhead ? Total activity ? units Manufacturing overhead per unit ? per unit Sales ? Costs: Direct materials ? Direct labor ? Manufacturing overhead ? ? Traditional costing product margin ?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Use the template attached below to complete this activity: (Videos are available in the C4 module on using the ebook + copying worksheets).

Chapter_7_Applying_Excel_template-1.xlsx

Use the data found in the template + use the additional data found in the ebook section, "Applying Excel" (p. 330 print text). All calculations should be performed within the cell using cell referencing/formulas so that I can see how you arrived at your answers! Do not use your calculator and just type in numbers!

You will submit four worksheets within your assignment file:

sheet 1 = original

sheet 2 = requirement 1 quantitative + question responses

sheet 3 = requirement 2 quantitative + question responses

sheet 4 = requirement 3 quantitative + question responses

In scenario 1, 2, and 3.... copy the original worksheet after inputting your cell formulas and change the values as indicated for each requirement. Name each tab by the question #.

Chapter 7: Applying Excel

Data
Manufacturing overhead	$500,000
Selling and administrative overhead	$300,000

	Assembling Units	Processing Orders	Supporting Customers	Other
Manufacturing overhead	50%	35%	5%	10%
Selling and administrative overhead	10%	45%	25%	20%
Total activity	1,000	250	100
	units	orders	customers

OfficeMart orders:
Customers	1	customer
Orders	4	orders
Number of filing cabinets ordered in total	80	units
Selling price	$595
Direct materials	$180
Direct labor	$50

Enter a formula into each of the cells marked with a ? below
Review Problem: Activity-Based Costing

Perform the first stage allocations
	Assembling Units	Processing Orders	Supporting Customers	Other	Total
Manufacturing overhead	?	?	?	?	?
Selling and administrative overhead	?	?	?	?	?
Total cost	?	?	?	?	?

Compute the activity rates
Activity Cost Pools	Total Cost	Total Activity	Activity Rate
Assembling units	?	?	units	?	per unit
Processing orders	?	?	orders	?	per order
Supporting customers	?	?	customers	?	per customer

Compute the overhead cost attributable to the OfficeMart orders
Activity Cost Pools	Activity Rate	Activity	ABC Cost
Assembling units	?	per unit	?	units	?
Processing orders	?	per order	?	orders	?
Supporting customers	?	per customer	?	customer	?

Determine the customer margin for the OfficeMart orders under Activity-Based Costing
Sales		?
Costs:
Direct materials	?
Direct labor	?
Unit-related overhead	?
Order-related overhead	?
Customer-related overhead	?	?
Customer margin		?

Determine the product margin for the OfficeMart orders under a traditional cost system
Manufacturing overhead	?
Total activity	?	units
Manufacturing overhead per unit	?	per unit

Sales		?
Costs:
Direct materials	?
Direct labor	?
Manufacturing overhead	?	?
Traditional costing product margin		?

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