questions 1-4

C Chapter 2 4 Chapter 2 Applying Excel Date Markupojat Department Mling Assembly 60 000 3.000 8.000 00.000 $500,000 53.75 Department Milling Assembly 5 5800 $70 20 5370 5280 Machine-tours Deborows $390.000 10 Total manufacturing overhead coat II Variable manufacturing the permachine how I? Varble manufacturing the per direct laber-hour 12 M Consommary for Job 407 15 18 Machine how 17 Director hours 1 Direct 29 Direct labor cost 2 Endra fomentach of recomand below 23 Step Calculate the estimated total manufacturing overhead cost for each department 25 Total fund manufacturing overhead cost Variable manufacturing prehead per machine how or direct labor hour 27 Total machine hours or direct labor hours 2 Total arable manufacturing overhead 29 Total manufacturing owerhead 20 Milling Assembly ? 7 7 ? 7 ? 7 ? 7 30 Miling Assembly Step 2 Calculate the predetermined overhead rate in each department 7 7 32 7 ? - Total manufacturing overhead ? ? Total machine-hours or direct labor hours 35 Predetermined head rate per machine hour or direct laber-hour 36 37 Step 3: Calculate the amount of overhead applied from both departments to Job 407 Milling Assembly 38 2 ? > Predetermined head rate per machine hour or direct labor-hour 2 ? 40 Machine-hours or direct labor hours for the job 2 ? 4 Manufacturing overhead applied 4 Step & Calculate the total job cost for Job 407 Milling Assembly ? ? 2 45 Direct materials 2 ? 2 46 Direct labor cost 2 2 47 Manufacturing overhead applied 2 2 46 Total cost of Job 407 Total 50 Step 5: Calculate the selling price for Job 407 5! Total cost of Job 407 Markup Selling price of Job 407 ? ? # Chapter 2 For Fled in Chapter 2 Form should proceed to the requirements below only after completing your worksheet. Ured: Check your worksheet by changing the total fixed manufacturing overhead cost Department in the Data area to $300,000, keeping all of the other data the same a xample. If your worksheet is operating properly, the total cost of Job 407 should n- ou do not get this answer, find the errors in your worksheet and correct them. How much is the selling price of Job 407? Did it change? Why or why not? Change the total fixed price for a new job, Job 408, with the following characteristics. You need not bother changing the 2. Change the total fixed manufacturing overhead cost for the Milling Department in the Data arce to to $390,000, keeping all of the other data the same as in the original example. Determine the seli Required: 1. Check your worksheet by changing the total fixed manufacturing overhead cost for the Mula Department in the Data area to $300,000, keeping all of the other data the same as in the org example. If your worksheet is operating properly, the total cost of Job 407 should now be $2,250 you do not get this answer, find the errors in your worksheet and correct them. How much is the selling price of Job 407? Did it change? Why or why not? number from 407 to 408 in the worksheet. 3. Job-Order Costing: Calculating Unit Product Costs What happens to 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? Does it increase, decrease, or stay the same as in part 2 above? Why? Restore the total number of machine-hours in the Assembly Department to 3,000 machine-hours. What happens to 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? Does it increase, decrease, or stay the same as in part 2 above? Why? 4