ill Paste LECopy $ Format Painter BIU Font Clipboard fx 21 B c E A Data 75% Markup on job cost Department Milling Assembly 7 60.000 3,000 8 Machine-hours 8,000 80,000 9 Direct labor hours $390,000 $500,000 170 Total fixed manufacturing overhead cost $200 71 Variable manufacturing overhead per machine-hour $3.75 12 Variable manufacturing overhead per direct labor-hour 13 14 Cost summary for Job 407 Department 15 Milling Assembly 90 4 16 Machine-hours 5 20 17 Direct labor-hours 18 Direct materials $800 $370 19 Direct labor cost $70 $280 20 21 Enter a hamma nacho we calls marked with a low 22 23 Step 1 Calculate the estimated total manufacturing overhead cost for each department 24 Milling Assembly 25 Total fixed manufacturing overhead cost 2 26 Variable manufacturing overhead per machine-hour or direct labc ? ? 27 Total machine-hours or direct labor-hours ? ? 28 Total variable manufacturing overhead ? ? ? ? 29 Total manufacturing overhead 30 31 Step 2. Calculate the predetermined overhead rate in each department 32 Milling Assembly 33 Total manufacturing overhead ? ? 34 Total machine-hours or direct labor-hours ? ? 35 Predetermined overhead rate per machine-hour or direct labor-ho 2 ? 36 37 Step 3. Calculate the amount of overhead applied from both departments to Job 407 38 Milling Assembly 39 Predetermined overhead rale per machine hour or direct labor-hoi ? 40 Machine-hours or direct labor-hours for the job ? 2 41 Manufacturing overhead applied ? ? 42 43 Step 4: Calculate the total job cost for Job 407 Milling Assembly 45 Direct materials 46. Direct labor cost ? 47 Manufacturing overhead applied ? 48 Total cost of Job 407 49 50 Step 5: Calculate the selling price for Job 407 51 Total cost of Job 407 52 Markup Chapter 3 Form Total 44 ? ? ? 2 ? 2