Question: Given the following data, answer the questions below the table: ---------------------------------------------------------------------------------------------------------------------- Data Markup on job cost 75% Department Milling Assembly Machine-hours 60,000 3,000 Direct labor-hours
- Given the following data, answer the questions below the table:
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| Data | ||
| Markup on job cost | 75% | |
| Department | ||
| Milling | Assembly | |
| Machine-hours | 60,000 | 3,000 |
| Direct labor-hours | 8,000 | 80,000 |
| Total fixed manufacturing overhead cost | $390,000 | $500,000 |
| Variable manufacturing overhead per machine-hour | $2.00 | |
| Variable manufacturing overhead per direct labor-hour | $3.75 | |
| Cost summary for Job 408 | Department | |
| Milling | Assembly | |
| Machine-hours | 60 | 4 |
| Direct labor-hours | 8 | 40 |
| Direct materials | $900 | $470 |
| Direct labor cost | $152 | $800 |
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a) What is the selling price for Job 408? (Round your final answer to 2 decimal places.)
b) 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.)
c) 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.)
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