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 C 1 Chapter 2: Applying Excel 2 3 Cost summary for Job 408 Department 4 Milling Assembly 5 Machine-hours 70 3 6 Direct labor-hours 20 780 $ Direct materials cost $ 320 360 8 Direct labor cost $ 18C 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 machine-hours to 6,000 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 labor-hours to 50,000 direct labor-hours? (Round your final answer to 2 decimal places.) Selling price for Job 408 F A C D E G K M 1 Chapter 2: Applying Excel Dara 75% up on job cost Department Milling Assembly Machine-hours 9 Direct labor-hours o c0n ono 8000 80,000 10 Total fixed manufacturing overhead cost 11 Variable manufacturing overhead per machine-hour $390,000 $2.00 $500,000 $3.75 Variable manufacturing overhead per direct labor-hour 12 14 Cost summary for Job 407 Department 15 Milling Assembly 16 Ma our 18 Direct materials 19 Direct Iabor coet S800 $370 70 $280 20 Enter a formuda into each of the cells marked with a? below 22 23 Step 1: Calculate the estimated total manufacturing overhead cost for each department Milling 24 Assembly 76 Varisble manufachuring overhead ner machine.hour or direct labor-hour se0 000 07 aon ona no Total machine-hours or direct labor-hours 2A 28 Total variable manufacturing overhead 29 Total manufacturing overhead 2 7 31 Step Calculate the predetermined overhead rate in each department Milling Assembly 33 Total manufacturing overhead 2E achine-hour o overhead rate direct labor-hour ma 36 37 Step 3: Calculate the amount of overhead applied from both departments to Job 407 Milling Assembly 39 Predetermined overhead rate per machine-hour direct labor-hour hours for the job 41 Manufacturing overhead applied 2 42 41 Manacuning overanEes 43 Step 4: Calculate the total job cost for Job 407 Tatal 44 Milling Assembly ADirect lebor cost 47 Manufacturing overhead applied 48 Total cost of Job 407 50 Stop 5 Calculate the selling price for Job 407 51 Total cot of Job 407 Markup Selling price of Job 407 55 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 C 1 Chapter 2: Applying Excel 2 3 Cost summary for Job 408 Department 4 Milling Assembly 5 Machine-hours 70 3 6 Direct labor-hours 20 780 $ Direct materials cost $ 320 360 8 Direct labor cost $ 18C 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 machine-hours to 6,000 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 labor-hours to 50,000 direct labor-hours? (Round your final answer to 2 decimal places.) Selling price for Job 408 F A C D E G K M 1 Chapter 2: Applying Excel Dara 75% up on job cost Department Milling Assembly Machine-hours 9 Direct labor-hours o c0n ono 8000 80,000 10 Total fixed manufacturing overhead cost 11 Variable manufacturing overhead per machine-hour $390,000 $2.00 $500,000 $3.75 Variable manufacturing overhead per direct labor-hour 12 14 Cost summary for Job 407 Department 15 Milling Assembly 16 Ma our 18 Direct materials 19 Direct Iabor coet S800 $370 70 $280 20 Enter a formuda into each of the cells marked with a? below 22 23 Step 1: Calculate the estimated total manufacturing overhead cost for each department Milling 24 Assembly 76 Varisble manufachuring overhead ner machine.hour or direct labor-hour se0 000 07 aon ona no Total machine-hours or direct labor-hours 2A 28 Total variable manufacturing overhead 29 Total manufacturing overhead 2 7 31 Step Calculate the predetermined overhead rate in each department Milling Assembly 33 Total manufacturing overhead 2E achine-hour o overhead rate direct labor-hour ma 36 37 Step 3: Calculate the amount of overhead applied from both departments to Job 407 Milling Assembly 39 Predetermined overhead rate per machine-hour direct labor-hour hours for the job 41 Manufacturing overhead applied 2 42 41 Manacuning overanEes 43 Step 4: Calculate the total job cost for Job 407 Tatal 44 Milling Assembly ADirect lebor cost 47 Manufacturing overhead applied 48 Total cost of Job 407 50 Stop 5 Calculate the selling price for Job 407 51 Total cot of Job 407 Markup Selling price of Job 407 55