BE$8\mathrm{.}7-$ Using Excel to Calculate the Total Cost of Completed Jol

PROBLEM

Feeling so relieved that he finally finished the chainsaw carving of a bear in red oak for his customer, Uriah sat down to figure out what it really cost him to make this delicate piece of art. He purchased a log to use for the project but only used half of it$,$ and plans to use the other half in another project. Uriah's uses a budgeted rate to assign MOH to cover the cost of the chainsaw, torches for getting just the right color on the carving, and other power and supply costs. Information pertaining to the bear carving is presented here.

Cost of log

Portion of log used on project

Hours of carving

Hourly rate for carving

Budgeted MOH rate per hour

Student Work Area

Required: Provide input into cells shaded in yellow in this template. Input the required mathematical formulas or functions with cell references to the Problem area or work area as indicated.

What is Uriah's total cost for carving this bear?