LSRManning Enterprises1)Show your calculation of the Total Manufacturing Overhead to be estimated for the 2017 fiscal yearUse Least -Squares RegressionHistorical Machine Hours and Manufacturing Overhead Cost for last 5 YearsYearActual Machine HoursManufacturing Overhead Costs201228,575$ 233,575201329,500$ 239,225201429,000$ 234,450201529,775$ 241,500201630,500$ 244,500Production estimates 6,200 units will be produced in 2017Start by showing the Cost Formula used to calculate the total manufacturing overhead estimated for 2017Y=a+bxY= a + 6.1689*30,997Y=56,8530+(6.1689*30,997)Y=248,000Total Mfg O/H=248,000.000Round the Total Manufacturing Overhead Cost to thousands ( ie: $155,125 is rounded to $155,000)2)Show your calculation of the Allocation Base of Machine Hours to be used for 2017Historical Units Produced and Machine Hours per Unit for the last 5 yearsYearUnits ProducedAverage Machine Hours20125,7754.9520135,9254.9820145,7005.0920155,9754.9820166,1005.00Average5.00Estimated Units to be produced in 20176,200Estimated machine hours per product using the 5 yr average5.00Estimated machine hours for 201730,9973)Show your calculation of the Predetermined Overhead Rate (POHR) to be used for the 2017 fiscal yearStart by showing the formula used to calculate the POHRPOHR=Estimated Total Mfg Overhead Costs for 2017÷Estimated Allocation Base for 2017248.000/30,997POHR=8 28575.0 29500.0 29000.0 29775.0 30500.0 233575.0 239225.0 234450.0 241500.0 244500.0 General JournalManning EnterprisesGENERAL JOURNAL Date Account Titles and ExplanationP. R.DebitCredit General LedgerManning EnterprisesAccount Name: CashAccount: Date ExplanationP. R.DebitCreditBalanceAccount Name: Account: Date ExplanationP. R.DebitCreditBalanceAccount Name: Account: Date ExplanationP. R.DebitCreditBalanceAccount Name: Account: Date ExplanationP. R.DebitCreditBalanceAccount Name: Account: Date ExplanationP. R.DebitCreditBalanceAccount Name: Account: Date ExplanationP. R.DebitCreditBalanceAccount Name: Account: Date ExplanationP. R.DebitCreditBalanceAccount Name: Account: Date ExplanationP. R.DebitCreditBalanceAccount Name: Account: Date ExplanationP. R.DebitCreditBalanceAccount Name: Account: Date ExplanationP. R.DebitCreditBalanceAccount Name: Account: Date ExplanationP. R.DebitCreditBalanceAccount Name: Account: Date ExplanationP. R.DebitCreditBalance Cost of Goods Manufactured CM analysisManning EnterprisesSet up a Contribution Margin Income Statement to use for your analysisProduction Propsal(use the template format that you learned in Chapter 5)Sales Proposal(use the template format that you learned in Chapter 5) T AccountsWhen in Doubt…"T" it out !Please use the general journal account forms to post the general jounrnal entries.These are to be used to assist you with the assignment. They are not part of the solution. https://www.purdue. ...

1. LSRManning Enterprises1)Show your calculation of the Total
Manufacturing Overhead to be estimated for the 2017 fiscal
yearUse Least -Squares RegressionHistorical Machine Hours
and Manufacturing Overhead Cost for last 5 YearsYearActual
Machine HoursManufacturing Overhead Costs201228,575$
233,575201329,500$ 239,225201429,000$
234,450201529,775$ 241,500201630,500$ 244,500Production
estimates 6,200 units will be produced in 2017Start by showing
the Cost Formula used to calculate the total manufacturing
overhead estimated for 2017Y=a+bxY= a +
6.1689*30,997Y=56,8530+(6.1689*30,997)Y=248,000Total
Mfg O/H=248,000.000Round the Total Manufacturing Overhead
Cost to thousands ( ie: $155,125 is rounded to $155,000)2)Show
your calculation of the Allocation Base of Machine Hours to be
used for 2017Historical Units Produced and Machine Hours per
Unit for the last 5 yearsYearUnits ProducedAverage Machine
Hours20125,7754.9520135,9254.9820145,7005.0920155,9754.9
820166,1005.00Average5.00Estimated Units to be produced in
20176,200Estimated machine hours per product using the 5 yr
average5.00Estimated machine hours for 201730,9973)Show
your calculation of the Predetermined Overhead Rate (POHR) to
be used for the 2017 fiscal yearStart by showing the formula
used to calculate the POHRPOHR=Estimated Total Mfg
Overhead Costs for 2017÷Estimated Allocation Base for
2017248.000/30,997POHR=8
28575.0 29500.0 29000.0 29775.0 30500.0 233575.0
239225.0 234450.0 241500.0 244500.0
General JournalManning EnterprisesGENERAL JOURNAL
Date Account Titles and ExplanationP. R.DebitCredit
General LedgerManning EnterprisesAccount Name:
CashAccount: Date ExplanationP.
R.DebitCreditBalanceAccount Name: Account: Date
ExplanationP. R.DebitCreditBalanceAccount Name: Account:
Date ExplanationP. R.DebitCreditBalanceAccount Name:

2. Account: Date ExplanationP.
R.DebitCreditBalanceAccount Name: Account: Date
ExplanationP. R.DebitCreditBalanceAccount Name: Account:
Date ExplanationP. R.DebitCreditBalanceAccount Name:
Account: Date ExplanationP.
R.DebitCreditBalanceAccount Name: Account: Date
ExplanationP. R.DebitCreditBalanceAccount Name: Account:
Date ExplanationP. R.DebitCreditBalanceAccount Name:
Account: Date ExplanationP.
R.DebitCreditBalanceAccount Name: Account: Date
ExplanationP. R.DebitCreditBalanceAccount Name: Account:
Date ExplanationP. R.DebitCreditBalance
Cost of Goods Manufactured
CM analysisManning EnterprisesSet up a Contribution Margin
Income Statement to use for your analysisProduction
Propsal(use the template format that you learned in Chapter
5)Sales Proposal(use the template format that you learned in
Chapter 5)
T AccountsWhen in Doubt…"T" it out !Please use the general
journal account forms to post the general jounrnal entries.These
are to be used to assist you with the assignment. They are not
part of the solution.
https://www.purdue.edu/hhs/hdfs/fii/wp-
content/uploads/2015/06/fi_checklist_0712.pdf
(this is a checklist to assess impact of proposed legislation on
families—use to help you understand the kinds of questions to
ask yourself when considering impact of business decisions)
http://www.ready.gov/business-impact-analysis
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