Question: please use excel formulas and please show the formulas applied as well. thanks Mapter 5: Applying Excel: Excel Worksheet (Part 1 of 2) Download the




please use excel formulas and please show the formulas applied as well. thanks
Mapter 5: Applying Excel: Excel Worksheet (Part 1 of 2) Download the Applying Excel form and enter formulas in all cells that contain question marks. The Chapter 5 Form worksheet is to be used to create your own worksheet version of the example in the text. Enter formulas in the cells that contain question marks. For example, in cell B25 enter the formula "=B10". After entering formulas in all of the cells that contained question marks, verify that the amounts match the example in the thext. Check your worksheet by changing the total fixed manufacturing overhead cost for the Milling Department in the Data area to $300,000, keeping all other data the same as in the original example. If your worksheet is operating properly, the total cost of Job 407 should now be $2,350. If you do not get this answer, find the errors in your worksheet and correct them. You should proceed to the requirements below only after completing your worksheet. Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse." Next, click "Save." You will use this worksheet to answer the questions in Part 2. 22 Enter a fomula into each of the cells marked with a ? below 23 Step 1: Calculate the estimated total manufacturing overhead cost for each department \begin{tabular}{lllll} 24 & Total foxed manufacturing overhead cost & Milling & Assembly \\ 26 Vanable manufacturing overhead per machine-hour or direct labor-hour & ? \\ 27 Total machine-hours or direct labor-hours & ? \\ 28 Total variable manufacturing overhead & ? \\ 29 & Total manufacturing overhead & ? \\ \hline & & ? \\ \hline \end{tabular} 31 Step 2: Calculate the predetermined overhead rate in each department 32 Total manufacturing overhead 34 Total machine-hours or direct labor-hours 35 Predetermined overnead rate per machine-hour or direct labor-hour 37 Step 3: Calculate the amount of overhead applied from both departments to Job 407 \begin{tabular}{llcc|c|c|} 39 & Predetermined overhead rate per machine-hour or direct labor-hour & Milling & Assembly \\ 40 & Machine-hours or direct labor-hours for the job & ? & ? \\ \hline 41 Manufacturing overhead applied & ? \\ \hline \end{tabular} 43 Step 4: Calculate the total job cost for Job 407 44 Direct materials 45 Direct labor cost 47 Manufacturing overhead applied 48 Tolal cost of Job 407 49. 50. Step 5: Calculate the selling price for Job 407 51 Total cost of Job 407 52 Markup 53 Selling price of Job 407 \begin{tabular}{llll} & Milling & \multicolumn{1}{c}{ Assembly } & Total \\ \hline? & ? & ? \\ \hline? & ? & ? \\ \hline? & ? & ? \\ \hline \end{tabular} ? \begin{tabular}{l|l} 54 \\ 55 \end{tabular} Chapter 5 Form ?? 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 4,000 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.)
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