Please give answers in the yellow boxes as an excel function and using cell references when needed.

1 Stanford Enterprises uses job-order costing. 2 The allocation base for overhead is direct labor hours. 3 4 Data for the year just ended: 5 Estimated total manufacturing overhead cost 6 Estimated total direct labor hours 7 Actual total direct labor hours $ 275,000 25,000 27,760 9 Actual costs for the year: $375,000 Purchase of raw materials (all direct) 10 $536,300 $302,750 Direct labor cost 11 Manufacturing overhead costs 12 13 Ending 11,375 Beginning 15,000 14 Inventories: Raw materials (all direct) Work in process Finished goods 15 27,875 22,350 16 34,600 26,450 17 18 19 Use the data to answer the following. 20 21 1. Compute applied overhead and determine the amount of underapplied or overapplied overhead: Actual manufacturing overhead cost 22 Predetermined overhead rate 23 Actual direct labor hours 24 24 Actual direct labor hours Manufacturing overhead applied 25 26 Underapplied (overapplied) manufacturing overhead 27 28 29 2. Prepare a schedule of cost of goods manufactured: 30 Stanford Enterprises Schedule of Cost of Goods Manufactured 31 32 33 Direct materials: Raw materials inventory, beginning 34 35 Add: Purchases of raw materials 36 Total raw materials available Deduct: Raw materials inventory, ending 37 Raw materials used in production 38 39 Direct labor 40 Manufacturing overhead applied to work in process 41 Total manufacturing costs 42 Add: Beginning work in process inventory 43 44 Deduct: Ending work in process inventory 45 Cost of goods manufactured 46 48 Stanford Enterprises 49 Schedule of Cost of Goods Sold 50 51 52 Finished goods inventory, beginning 53 Add: Cost of goods manufactured 54 Cost of goods available for sale 55 Deduct: Finished goods inventory, ending 56 Unadjusted cost of goods sold 57 Underapplied (overapplied) overhead 58 Adjusted cost of goods sold 59 61