Chapter 2 Applying Excel (B)i Saved Help Save & Exit Submit Check my work 1 ! Required information This Excel worksheet relates to the Dickson Company example that is summarized in Exhibit 2-5 10 points Skipped 2. Change the total fixed manufacturing overhead cost for the Milling Department in Data area back to $390,000, keeping all of the other data the same as in the original example. Consider a new job, Job 408, with the following characteristics: ook A C Print 1 Chapter 2: Applying Excel References 2 3 Cost summary for Job 408 Department 4 Milling Assembly 90 Machine-hours Direct labor-hours 6 20 Direct materials cost. S 640 S 230 8 S Direct labor cost 162 320 Nm un EXHIBIT 2-5 Dickson Company: An Example Using Multiple Predetermined Overhead Rates Step 1: Calculate the estimated total manufacturing overhead cost for each department. Miling Department Overhead Cost (Y: Assembly Department Overhead Cost (Y): =$390,000+$120 0 MHx 60,000 MHs) =$510,000 DLH x 80,000 DLHS) 5500,000 = $500.000 + $300,000 390,000 2.00 $800,000 Step 2: Calculate the predetermined overhead rate in each department. Milling Department Overhead Rate: Assembly Department Overhedad Rate: $510,000 = 60 000 machine-hours $800.0 =80000 dlrect labor-hours $10.00 per direct labor-hour = $8.50 per machine-hour Step 3: Calculate the amount overhead applied from both departments to Job 407. MiNing Department: Overhead Applied to Job 407 Assembly Department: Overhead Applied to Job 407 =$8.50 per MHx 90 MHs = $ 765 $10.00 per DLH x 20 DLHS = $200 Step 4: Calculate the total job cost for Job 407. Assembly $370 $280 $200 Milling $800 Total Direct materials $1,170 350 Direct labor 70 $765 Manufacturing overhead applied 965 $2,485 Total cost of Job 407 Step 5: Calculate the selling price for Job 407. Total cost of Job 407 $2,485.00 Markup ($2,485 x 75% ) 1,863.75 $4,348.75 Selling price of Job 407 1C In your worksheet, enter this new data in the cells for Job 407 points What is the new selling price for Job 408? (Round your final answer to 2 decimal places.) Skipped Selling price for Job 408 eBook Print References 3. Without changing the data for the job from requirement 2 above, what is the selling price for Job 408 if the total number of machine-hours in the Assembly Department increases from 3,000 machine-hours to 6,000 machine-hours? (Round your final answer to 2 decimal places.) Selling price for Job 408 Skipped eBook 4. Restore the total number of machine-hours in the Assembly Department to 3,000 machine-hours. And keep the job data the same as it was in Requirement 2. What is the selling price for Job 408 if the total number of direct labor-hours in the Assembly Department decreases from 80,000 direct labor-hours to 50,000 direct labor-hours? (Round your final answer to 2 decimal places.) Print References Selling price for Job 408