2. Change the total fixed manufacturing overhead cost for the Milling Department in the 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 1 Chapter 2: Applying Excel 2 3 Cost summary for Job 408 Department 4 Milling Assembly 5 Machine-hours 80 4. 6 Direct labor-hours 20 7 Direct materials cost $ 810 $ 240 8 Direct labor cost $ 140 $ 360 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.) Answer is complete but not entirely correct. Selling price for Job 408 $ 5,425.00 Dickson Company: An Example Using Multiple Predetermined Overhead Rates Step 1: Calculate the estimated total manufacturing overhead cost for each department. Milling Department Overhead Cost (Y): Assembly Department Overhead Cost (Y): $390,000 + ($2.00 per MH x 60,000 MHs) = $390,000 + $120,000 = $510,000 = $500,000 + ($3.75 per DLH x 80,000 DLHS) = $500,000 + $300,000 = $800,000 Step 2: Calculate the predetermined overhead rate in each department. Milling Department Overhead Rate: Assembly Department Overhead Rate: $510,000 60,000 machine-hours = $8.50 per machine-hour $800,000 80,000 direct labor-hours = $10.00 per direct labor-hour %3D Step 3: Calculate the amount of overhead applied from both departments to Job 407. Milling Department: Overhead Applied to Job 407 Assembly Department: Overhead Applied to Job 407 = $8.50 per MH x 90 MHs = $765 = $10.00 per DLH x 20 DLH. = $200 Step 4: Calculate the total job cost for Job 407. Milling Assembly $370 $280 Total $1,170 Direct materials $800 Direct labor $ 70 350 Manufacturing overhead applied $765 $200 965 Total cost of Job 407 $2,485 Step 5: Calculate the selling price for Job 407. Total cost of Job 407 $2,485.00 Markup ($2,485 x 75%) 1,863.75 Selling price of Job 407 $4,348.75 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 4,000 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