Insert Format 1001 Chapter_2_App 100% Home Layout Tablas Charts SmartArt Formulas Data Review Ed Font Alignment abc FUL Arial 10 ATA Wrap Text B Clear 1 U EE Paste Merge A54 X . fx B D Chapter 2: Applying Excel 1 Data Markup on job cost 75% Department Milling Assembly Machine-hours 60.000 3,000 Direct labor-hours 8,000 80,000 0 Total faced manufacturing overhead cost $390,000 $500,000 Variable manufacturing overhead per machine-hour $2.00 2 Variable manufacturing overhead per direct labor-hour $3.75 3 4 Cool summary for Job 407 Department 5 Miling Assembly 6 Machine-hours 90 4 7 Direct labor-hours 5 20 18 Direct materials $800 $370 19 Direct labor cost $70 $280 20 21 Enter a formula into each of the cells marked with a ? below 22 23 Step 1: Calculate the estimated total manufacturing overhead cost for each department 24 Milling Assembly 25 Total fixed manufacturing overhead cost b10 c10 26 Variable manufacturing overhead per machine-hour or direct labor-hour b11 c12 27 Total machine-hours or direct labor-hours be 28 Total variable manufacturing overhead b26"b27 c26"-27 29 Total manufacturing overhead b25.628 25.028 30 31 Step 2: Calculate the predetermined overhead rate in each department 32 Miling 33 Total manufacturing overhead Assembly 529 c.29 34 Total machine-hours or direct labor-hours be 35 Predetermined overhead rato per machine-hour or direct labor-hour b33/34 33/34 36 371 Step 3: Calculate the amount of overhead applied from both departments to Job 407 38 Milling 39 Predetermined overhead rate por machine hour or direct labor hour Assembly 635 035 40 Machine-hours or direct labor-hours for the job b16 41 Manufacturng overhead applied c17 639 42 239 40 43Step 4: Calculate the total job cost for Job 407 44 Milling 45 Direct materials Assembly Total 618 46 Direct labor cost ete sumb45:45) 47 Manufacturing overhead applied 619 019 sum(646.046 39 48 Total cost of Dob 407 6397640 Sumb470471 surn(046 047 Chapter 2 Form Normal in Required information This Excel worksheet relates to the Dickson Company example that is summarized in Exhibit 2.5 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: A B 1 Chapter 2: Applying Excel 2 3 Cost summary Job 408 4 5 Department Milling Assembly 80 4 8 40 B S 490 136 $ 720 Machine-hours Direct labor-hours Direct materials cost Direct labor cost 6 7 $ 8 $ 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.) Satin nrinn forn 4 R 3202 501 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 $ 3,202.50 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 machine-hours to 4,000 machine-hours? (Round your final answer to 2 decimal places.) Selling price for Job 408 $ 3,202.50 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.) 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 machine-hours to 4,000 machine-hours? (Round your final answer to 2 decimal places.) Selling price for Job 408 $ 3,202.50 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.) Selling price for Job 408 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: B 1 Chapter 2: Applying Excel 2 13 Cost summary for Job 408 14 5 Department Milling Assembly 80 4 8 40 8 $ 490 Machine-hours Direct labor-hours Direct materials cost Direct labor cost 6 Z $ $ 136 $ 720 8 Q Condition Formattin Chapter 2: Applying Excel D DALA Markup on job cost 75% Machine hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine hour Vanable 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 Milling Machine-hours Direct labor-hours 3. Direct materials Direct labor cost Department Assembly 90 5 20 $800 $370 $70 $280 Enter a formula into each of the cells marked with a ? below