EXHIBIT 2-5 Dickson Company: An Example Using Multiple Predetermined Overhead Rates Step 4: Calculate the total job cost for Job 407. \begin{tabular}{lccr} & Milling & Assembly & Total \\ Direct materials & $800 & $370 & $1,170 \\ Direct labor & $70 & $280 & 350 \\ Manufacturing overhead applied & $765 & $200 & 965 \\ Total cost of Job 407 & & & $2,485 \\ \hline \end{tabular} Step 5: Calculate the selling price for Job 407. \begin{tabular}{lr} Total cost of Job 407 & $2,485.00 \\ Markup ($2,48575%) & 1,863.75 \\ \hline Selling price of Job 407 & $4,348.75 \\ \hline \end{tabular} Kequirea intormation Chapter 2: Applying Excel This Excel worksheet relates to the Dickson Company example that is summarized in Exhibit 2-5 Chapter 2: Applying Excel: Exercise (Part 2 of 2) 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: In your worksheet, enter this new data in the cells for Job 407. What is the new selling price for Job 408? (Round your final answer to 2 decimal places.) 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 machinehours in the Assembly Department increases from 3,000 machine-hours to 6,000 machine-hours? (Round your final answer to 2 decimal places.) 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 40,000 direct labor-hours? (Round your final answer to 2 decimal places.)