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: H A Chapter 2: Applying Excel B C 2 Cost summary for Job 408 Department 4 Milling Assembly Machine-hours 60 6 Direct labor-hours 7 Direct materials cost 8 Direct labor cost 6 40 840 S 340 171 S 680 Step 1: Calculate the estimated total manufacturing overhead cost for each department. Milling Department Overhead Cost (Y): = $390,000+ ($2.00 per MH 60,000 MHs) $390,000+ $120,000 = $510,000 Assembly Department Overhead Cost (Y) = $500,000+ ($3.75 per DLH 80,000 DLHs) = $500,000+ $300,000 = $800,000 Step 2: Calculate the predetermined overhead rate in each department. Milling Department Overhead Rate $510,000 60,000 machine-hours $8.50 per machine-hour Assembly Department Overhead Rate $800,000 80,000 direct labor-hours = $10.00 per direct labor-hour Step 3: Calculate the amount of overhead applied from both departments to Job 407. Milling Department Overhead Applied to Job 407 =$8.50 per MH 90 MHS = $765 Assembly Department Overhead Applied to Job 407 -$10.00 per DLH x 20 DLHS Step 4: Calculate the total job cost for Job 407 Direct materials Direct labor Manufacturing overhead applied Total cost of Job 407 Step 5: Calculate the selling price for Job 407 = $200 Milling Assembly Total $800 $370 $ 1,170 $70 $280 350 $765 $200 965 $2,485 Total cost of Job 407 $2,485.00 Markup ($2,485 75%) 1,863.75 Selling price of Job 407 $4,348.75 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 5,000 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