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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, 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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 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)

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