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.)

Selling price for Job 408

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 machinehours to 5,000 machine-hours? (Round your final answer to 2 decimal places.)

Selling price for Job 408

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 laborhours to 50,000 direct labor-hours? (Round your final answer to 2 decimal places.)

Selling price for Job 408

2. Change the total fixed manufacturing overhead cost for the Milling Department in the 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: A B 1 Chapter 3: Applying Excel 2 3 Cost summary for Job 408 4 Department Milling Assembly 60 5 Machine-hours 2 6 Direct labor-hours 6 40 7 Direct materials cost $ 780 $ 280 8 Direct labor cost $ 114| $ 640 Data Markup on job cost 75% Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Milling Assembly 60,000 3,000 8,000 80,000 $390,000 $500,000 $2.00 $3.75 Cost summary for Job 407 4 Machine-hours Direct labor-hours Direct materials Direct labor cost Department Milling Assembly 90 5 20 $800 $370 $70 $280 Enter a formula into each of the cells marked with a ? below Step 1: Calculate the estimated total manufacturing overhead cost for each department Milling Assembly Total fixed manufacturing overhead cost ? Variable manufacturing overhead per machine-hour or direct labor-hour ? Total machine-hours or direct labor-hours ? Total variable manufacturing overhead ? Total manufacturing overhead ? ? ? ? ? ? Step 2: Calculate the predetermined overhead rate in each department Milling Assembly Total manufacturing overhead Total machine-hours or direct labor-hours Predetermined overhead rate per machine-hour or direct labor-hour ? ? ? ? ? ? Step 3: Calculate the amount of overhead applied from both departments to Job 407 Milling Assembly Predetermined overhead rate per machine-hour or direct labor-hour ? Machine-hours or direct labor-hours for the job ? Manufacturing overhead applied ? ? ? ? Step 4: Calculate the total job cost for Job 407 Milling Assembly Total Direct materials Direct labor cost Manufacturing overhead applied Total cost of Job 407 ? ? ? ? ? ? ? ? ? ? Step 5: Calculate the selling price for Job 407 Total cost of Job 407 Markup Selling price of Job 407