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CH 7 Applying Excel Instructions: 1. Update this spreadsheet with the appropriate formulas in the cells...

CH 7 Applying Excel

Instructions: 1. Update this spreadsheet with the appropriate formulas in the cells below with question marks. 2. Then, makeChapter 7: Applying Excel Page 339 Data Manufacturing overhead Selling and administrative overhead $500,000 $300,000 Manufact

ABC Cost Compute the overhead cost attributable to the OfficeMart orders Activity Cost Pools Activity Rate Assembling units ?

Instructions: 1. Update this spreadsheet with the appropriate formulas in the cells below with question marks. 2. Then, make a copy of the sheet in this same workbook and prepare Requirement 2 on page 340. Note: You can also make the changes suggested in Requirement 1, if you want, to check your worksheet the first time to make sure it works properly.
Chapter 7: Applying Excel Page 339 Data Manufacturing overhead Selling and administrative overhead $500,000 $300,000 Manufacturing overhead Selling and administrative overhead Total activity Assembling Processing Supporting Units Orders Customers 50% 35% 5% 10% 45% 25% 1,000 250 100 units orders customers Other 10% 20% OfficeMart orders: Customers Orders Number of filing cabinets ordered in total Selling price Direct materials Direct labor 1 customer 4 orders 80 units $595 $180 $50 Enter a formula into each of the cells marked with a ? below Review Problem: Activity-Based Costing Perform the first stage allocations Assembling Processing Supporting Orders Customers Other Total ? Manufacturing overhead Selling and administrative overhead Total cost ? Total Cost Compute the activity rates Activity Cost Pools Assembling units Processing orders Supporting customers Total Activity ? units ? orders ? customers Activity Rate ? per unit ? per order ? per customer
ABC Cost Compute the overhead cost attributable to the OfficeMart orders Activity Cost Pools Activity Rate Assembling units ? per unit Processing orders ? per order Supporting customers ? per customer Activity ? units ? orders ? 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 "Check My Work". Customer margin should be $840 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 "Check My Work": Customer margin should be ($10,800)
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ReportAnswer #1
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
Review Problem: Activity-Based Costing
1 Perform the first stage allocations
Assembling Units Processing Orders Supporting Customers Other Total
Manufacturing overhead $250,000 $175,000 $25,000 $50,000 $500,000
Selling and administrative overhead $30,000 $135,000 $75,000 $60,000 $300,000
Total cost $280,000 $310,000 $100,000 $110,000 $800,000
Compute the activity rates
Activity Cost Pools Total Cost Total Activity Activity Rate
Assembling units $280,000 1,000 units $280 per unit
Processing orders $310,000 250 orders $1,240 per order
Supporting customers $100,000 100 customers $1,000 per customer
2 Compute the overhead cost attributable to the OfficeMart orders
Activity Cost Pools Activity Rate Activity ABC Cost
Assembling units $280 per unit 80 units $22,400
Processing orders $1,240 per order 4 orders $4,960
Supporting customers $1,000 per customer 1 customer $1,000
3 Determine the customer margin for the OfficeMart orders under Activity-Based Costing
Sales (80 units x $ 595)                         $47,600
Costs:
Direct materials (80 x $ 180) $14,400
Direct labor ( 80 x $ 50) $4,000
Unit-related overhead $22,400
Order-related overhead $4,960
Customer-related overhead $1,000 $46,760
Customer margin $840
4 Determine the product margin for the OfficeMart orders under a traditional cost system
Manufacturing overhead $500,000
Total activity 1,000 units
Manufacturing overhead per unit $500 per unit
Sales $47,600
Costs:
Direct materials $14,400
Direct labor $4,000
Manufacturing overhead ( 80 x $ 500) $40,000 $58,400
Traditional costing product margin ($10,800)

A B F G H Nm 7 Data Manufacturing overhead Selling and administrative overhead 500000 300000 000 0.2 Assembling Units ProcessА D E F G H 19 В | Review Problem: Activity-Based Costing 20 1 Perform the first stage allocations Assembling Units ProcessinAB 4 Determine the product margin for the OfficeMart orders under a traditional cost system Manufacturing overhead =H23 Total

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