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Download the Applying Excel form and enter formulas in all cells that contain question marks. For...

Download the Applying Excel form and enter formulas in all cells that contain question marks.

For example, in cell B26 enter the formula “= B4*B8”.

Note that the worksheet contains a section at the bottom titled “Determine the Product Margin Under a Traditional Cost System” that is not in the Review Problem. In this section, it is assumed that the traditional costing system allocates manufacturing overhead on the basis of the number of units produced. When completed, that part of the worksheet should contain the following results:

52

Determine the product margin for the OfficeMart orders under a traditional cost system

53

Manufacturing overhead

  $

500,000

  

  

  

  

54

Total activity

  

1,000

units

  

  

55

Manufacturing overhead per unit

  $

500

per unit

  

  

56

  

  

  

  

  

  

57

Sales

  

$

47,600

  

  

58

Costs:

  

  

  

  

  

59

Direct materials

$

14,400

  

  

  

  

60

Direct labor

  

4,000

  

  

  

  

61

Manufacturing overhead

  

40,000

  

58,400

  

  

62

Traditional costing product margin

  

  

$

(10,800)

  

63

    

  

  

  

  

  

  

After entering formulas in all of the cells that contained question marks, verify that the dollar amounts match the numbers in the Review Problem.

Check your worksheet by doubling the units ordered in cell B16 to 160. The customer margin under activity-based costing should now be $7,640 and the traditional costing product margin should be $(21,600). If you do not get these results, find the errors in your worksheet and correct them.

Save your completed Applying Excel form to your computer and then upload it here by clicking “Browse.” Next, click “Save.” You will use this worksheet to answer the questions in Part 2.

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 ?
0 0
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Chapter 7: Applying Excel Data Manufacturing overhead Selling and administrative overhead 5,00,000.00 ,00,000.00 1 3 ManufactActivity ABC Cost Compute the overhead cost attributable to the OfficeMart orders Activity Cost Pools Activity Rate Assemblin

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