Info from image "ACC PT1" can be applied to image "ACC PT2" and (b) below is ssociated with image "ACC PT2"(b) Why is the amount of underapplied (overapplied) manufacturing overhead different from Requirement 2 above? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answers and double click the box with the question mark to empty the box for a wrong answers. Any boxes left with a question mark will be automatically graded as incorrect.) check all that applyThe predetermined overhead rate changed.unansweredThe change in the actual manufacturing overhead cost directly resulted in a comparable change in the amount of underapplied (overapplied) manufacturing overhead.unansweredThe change in the estimated total amount of the allocation base affected the amount of manufacturing overhead applied.unanswered 3. Either print or make a copy of your worksheet in your workbook before proceeding. You will need to refer back to this worksheet.Change the estimated total amount of the allocation base to 82,000 machine-hours, but keep everything the same as in Requirement2. The data area of your worksheet should now look like this:AВC1Chapter 3: Applying Excel23Data4Allocation baseMachine-hoursEstimated manufacturing overhead cost$713,4006.Estimated total amount of the allocation base82,000 machine-hours7Actual manufacturing overhead cost$695,9008Actual total amount of the allocation base86,000 machine-hours(a) By how much is the manufacturing overhead underapplied or overapplied?Overappliedmanufacturing overhead$52,300 4. Change the estimated total amount of the allocation base back to 87,000 machine-hours, so that the data area of you worksheetlooks exactly the same as in Requirement 2. Now change the actual manufacturing overhead cost from $695,900 to $693,700. Thedata area of your worksheet should now look like this:AВChapter 3: Applying Excel3Data4Allocation baseMachine-hoursEstimated manufacturing overhead cost$713,400Estimated total amount of the allocation base87,000 machine-hours7Actual manufacturing overhead cost$693,7008Actual total amount of the allocation base86,000 machine-hours(a) By how much is the manufacturing overhead underapplied or overapplied?manufacturing overhead

Manufacturing overhead means the expense incurred in factory which is not directly linked with…

Answered: Info from image "ACC PT1" can be…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Info from image "ACC PT1" can be applied to image "ACC PT2" and (b) below is ssociated with image "ACC PT2"

(b) Why is the amount of underapplied (overapplied) manufacturing overhead different from Requirement 2 above? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answers and double click the box with the question mark to empty the box for a wrong answers. Any boxes left with a question mark will be automatically graded as incorrect.)

check all that apply

The predetermined overhead rate changed.unanswered
The change in the actual manufacturing overhead cost directly resulted in a comparable change in the amount of underapplied (overapplied) manufacturing overhead.unanswered
The change in the estimated total amount of the allocation base affected the amount of manufacturing overhead applied.unanswered

3. Either print or make a copy of your worksheet in your workbook before proceeding. You will need to refer back to this worksheet.
Change the estimated total amount of the allocation base to 82,000 machine-hours, but keep everything the same as in Requirement
2. The data area of your worksheet should now look like this:
A
В
C
1
Chapter 3: Applying Excel
2
3
Data
4
Allocation base
Machine-hours
Estimated manufacturing overhead cost
$
713,400
6.
Estimated total amount of the allocation base
82,000 machine-hours
7
Actual manufacturing overhead cost
$
695,900
8
Actual total amount of the allocation base
86,000 machine-hours
(a) By how much is the manufacturing overhead underapplied or overapplied?
Overapplied
manufacturing overhead
$
52,300

4. Change the estimated total amount of the allocation base back to 87,000 machine-hours, so that the data area of you worksheet
looks exactly the same as in Requirement 2. Now change the actual manufacturing overhead cost from $695,900 to $693,700. The
data area of your worksheet should now look like this:
A
В
Chapter 3: Applying Excel
3
Data
4
Allocation base
Machine-hours
Estimated manufacturing overhead cost
$
713,400
Estimated total amount of the allocation base
87,000 machine-hours
7
Actual manufacturing overhead cost
$
693,700
8
Actual total amount of the allocation base
86,000 machine-hours
(a) By how much is the manufacturing overhead underapplied or overapplied?
manufacturing overhead

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