Data Markup on job cost Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour 4 Cost summary for Job 407 6 Machine-hours 7 Direct labor-hours 8 Direct materials 9 Direct labor cost 75% Department Milling Assembly 60,000 3,000 8,000 80,000 $390,000 $2.00 $500,000 $3.75 Miling Department Assembly 90 80 4 5 20 $800 $370 $70 $280 CO 1 Enter a formula into each of the cells marked with a ? below 22 3 Step 1: Calculate the estimated total manufacturing overhead cost for each department 24 Milling Assembly 25 Total fixed manufacturing overhead cost ? ? 26 Variable manufacturing overhead per machine-hour or direct labor-hour ? ? 27 Total machine-hours or direct labor-hours ? ? 28 Total variable manufacturing overhead ? 7 ? ? 34 Total machine-hours or direct labor-hours 29 Total manufacturing overhead 30 31 Step 2: Calculate the predetermined overhead rate in each department 32 33 Total manufacturing overhead 35 Predetermined overhead rate per machine-hour or direct labor-hour Milling Assembly 7 ? 2 ? ? 36 37 Step 3: Calculate the amount of overhead applied from both departments to Job 407 38 Milling Assembly 39 Predetermined overhead rate per machine-hour or direct labor-hour ? ? 40 Machine-hours or direct labor-hours for the job ? ? 41 Manufacturing overhead applied 42 2 7