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Computing Overhead Rate and Preparing Schedules of Cost of Goods Stanford Enterprises has provided its manufacturing estimated and actual data for the year end. The Controller has asked you to compute the predetermined overhead rate, the schedule of cost of goods manufactured, and the schedule of cost of goods sold. Here are some tips for using Excel: - Cell Reference: Allows you to refer to data from another cell in the worksheet. If you entered "=B5" Into a blank cell, the formula would output the value from cell B5. - Basle Math Functions: Allow you to use the basic math symbols to periorm mathematical functions. You can use the following keys: - (plus sign to add), - (minus sign to subtract), "(asterisk sign to multiply), and/ (forward slash to divide). For example, if you entered =B4+B5in a blank cell, the formula would add the values from those cells and output the resuit. - SUM Function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges. If you entered "=SUM(C4,C5,C6) into a blank cell, the formula would output the result of adding those three separate cells. Similarly. If you entered =SUM(C4:C6) ", the formula would output the same result of adding those cells. 1. Use the Open Excel In New Tab button to launch this question 2. When finlshed in Excel, use the Save and Return to Assignment button in the lowerright to return to Connect. The following information relates to overhead cost at Chocolates by lacki for the current year. Totsl costs and distribution of resource consumption across activity cost pools Required: Use the data to complete a First 5 tage Allocation to Activity Cost Pools When completing the rable, copy formulas as approriate (Use cellis A5 to 620 , as well as the "Chart of Accounts" tab for cell reforencing and/or formulas needed to complete this question.) Computing Overhead Rate and Preparing Schedules of Cost of Goods Stanford Enterprises has provided its manufacturing estimated and actual data for the year end. The Controller has asked you to compute the predetermined overhead rate, the schedule of cost of goods manufactured, and the schedule of cost of goods sold. Here are some tips for using Excel: - Cell Reference: Allows you to refer to data from another cell in the worksheet. If you entered "=B5" Into a blank cell, the formula would output the value from cell B5. - Basle Math Functions: Allow you to use the basic math symbols to periorm mathematical functions. You can use the following keys: - (plus sign to add), - (minus sign to subtract), "(asterisk sign to multiply), and/ (forward slash to divide). For example, if you entered =B4+B5in a blank cell, the formula would add the values from those cells and output the resuit. - SUM Function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges. If you entered "=SUM(C4,C5,C6) into a blank cell, the formula would output the result of adding those three separate cells. Similarly. If you entered =SUM(C4:C6) ", the formula would output the same result of adding those cells. 1. Use the Open Excel In New Tab button to launch this question 2. When finlshed in Excel, use the Save and Return to Assignment button in the lowerright to return to Connect. The following information relates to overhead cost at Chocolates by lacki for the current year. Totsl costs and distribution of resource consumption across activity cost pools Required: Use the data to complete a First 5 tage Allocation to Activity Cost Pools When completing the rable, copy formulas as approriate (Use cellis A5 to 620 , as well as the "Chart of Accounts" tab for cell reforencing and/or formulas needed to complete this question.)

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