$1$Cost Analysis of Job$-$Order Sheets Completing this activity will help you learn to:$21.$ build calculations to find cumulative costs and unit costs for a manufacturing job$\mathrm{.}32.$ understand and utilize a manufacturing overhead rate$\mathrm{.}43.$ understand what variable the direct labor, direct materials and manufacturing overhead costs depend on $($hours$,$ units, etc.$)\mathrm{.}54.$ reflect and utilize the helpful information you created in the job$-$order sheet.Case scenario: You are working at a manufacturing plant. You do not have the specific identification of the good sold. You are given the building blocks of cost $($labor$,$ materials, etc.$)$ for Job #$26,$ which your plant completed. Your company accumulates cost per job on a Job$-$Order Sheet. Required: Download spreadsheet JobOrderCaseData$-0$dbbe$2.$xlsxBuild a spreadsheet to calculate a manufacturing job's total cost and unit product cost. This lab uses "Job #$26"$ information.HINT: STEP$-$BY$-$STEP WALKTHROUGH To help you get started, the file already has a job order costs sheet populated with information. To complete the task, complete the following steps:$1.$ Naming Cells: Individual cells, cell ranges, and tables can be named within Excel for formula ease. For example, the Total Material Subtotal $($cell E$15)$ can be named "TotalMaterialSubtotal." Going forward, cells can be referenced using words instead of the Excel coordinates. Label the completed units $($cell G$5),$ "Units." $2.$ Manufacturing Overhead: Review the manufacturing overhead rate in cell K$9$ of the job$-$order spreadsheet and observe how the manufacturing overhead is allocated for Job #$26.($Hint: $"$DLH$"$ stands for Direct Labor Hours$).$ a$.$ Calculate the total hours for Job #$26$ in cell J$9.$ Remember, your goal is to create a reusable spreadsheet. Total labor hours should NOT be hardcoded $($or typed in$),$ but a formula should be used to accommodate variations in total hours.fill in the blank $1$ of $1$$ hoursb. Now you have the building blocks to calculate the amount of manufacturing overhead. Calculate the manufacturing overhead in cell L$9$ for Job #$26.$fill in the blank $1$ of $1$$ Is the manufacturing overhead amount you found for the JOB or for EACH UNIT?The manufacturing overhead amount is found for each unitJob #$26\mathrm{.}3.$ Cost Summarya. Calculate total direct materials for Job #$26$ in cell G$18.$ Hint: Is the direct material information given the total for the job or for each unit?fill in the blank $1$ of $1$$ b$.$ Calculate direct labor for Job #$26$ in cell G$19.$ Hint: Is the direct labor information given the total for the job or for each unit?fill in the blank $1$ of $1$$ c$.$ Calculate manufacturing overhead for Job #$26$ in cell G$20.$ Do not hard$-$code.fill in the blank $1$ of $1$$ d$.$ Calculate the total costs for Job #$26$ in cell G$21.$fill in the blank $1$ of $1$$ e$.$ Calculate the unit product cost for Job #$26$ in cell G$22.$ fill in the blank $1$ of $1$$ $4.$ Reflect on your calculation process to further understand cost concepts.a$.$ How does manufacturing overhead differ from direct materials and direct labor? Manufacturing overhead is fill in the blank $1$ of $4$a directan indirectcost, not fill in the blank $2$ of $4$directindirectcosts, associated with manufacturing. It requires analyzation of total fill in the blank $3$ of $4$directindirectcosts, a rational method of allocating the cost, and a rate. This differs from direct material and labor because those costs fill in the blank $4$ of $4$areare nottraceable outright to producing a unit.b$.$ What variable$($s$)$ does direct labor depend on$?$Direct labor depends on material costs.Direct labor depends on units.Direct labor depends on a variety of variables including units, hours, jobs, etc.What variable$($s$)$ do direct materials depend on$?$Direct materials depends on labor hours spent.Direct materials depends on units.Direct materials depends on a variety of variables including units, hours, jobs, etc.What variable$($s$)$ does manufacturing overhead depend on$?$Manufacturing overhead depends on material costs.Manufacturing overhead depends on units.Manufacturing overhead depends on a variety of variables including units, hours, jobs, etc.c$.$ What information can you gleam from the job$-$cost spreadsheet? What is the most expensive part of the job? least expensive? Direct laborDirect materialsManufacturing overheadis the most expensive part of manufacturing this job. It accounts for about fill in the blank $1$ of $1\%$ of the job's cost. The least expensive part of this manufacturing job is direct labordirect materialsmanufacturing overhead. It is about fill in the blank $1$ of $1\%$ of the job's cost. $5.$ Explain how job cost sheets are used to evaluate and control costs.The input in the box below will not be graded, but may be reviewed and considered by your instructor.

HINT: STEP$-$BY$-$STEP WALKTHROUGH

To help you get started, the file already has a job order costs sheet populated with information. To complete the task, complete the following steps:

Naming Cells: Individual cells, cell ranges, and tables can be named within Excel for formula ease. For example, the Total Mate