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Chapter 2 Saved Help Save & Exit Download the Applying Excel form and enter formulas in all cells that contain question marks. 1 The Chapter 2 Form worksheet is to be used to create your own worksheet version of the example in the text. Enter formulas in the cells that contain question marks. For example, in cell B25 enter the formula =B10" Part 1 of 2 After entering formulas in all of the cells that contained question marks, verify that the amounts match the example in the text. Skipped Check your worksheet by changing the total fixed manufacturing overhead cost for the Milling Department in the Data area to $300,000, keeping all other data the same as in the original example. If your worksheet is operating properly, the total cost of Job 407 should now be $2,350. If you do not get this answer, find the errors in your worksheet and correct them. eBook You should proceed to the requirements below only after completing your worksheet. Print References Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse." Next, click "Save." You will use this worksheet to answer the questions in Part 2 download reference file upload a response file (15MB max) Choose File No file chosen Nort D E F G H Milling B 2 3 Data 4 Markup on job cost 75% 5 6 Department 7 Assembly 8 Machine-hours 60,000 3,000 9 Direct labor-hours 8,000 80,000 10 Total fixed manufacturing overhead cost $390,000 $500,000 11 Variable manufacturing overhead per machine hour $2.00 12 Variable manufacturing overhead per direct labor-hour $3.75 13 14 Cost summary for Job 407 Department 15 Milling Assembly 16 Machine-hours 90 4 17 Direct labor-hours 5 20 18 Direct materials $800 19 Direct labor cost $70 $280 20 21 Enter a formula into each of the cells marked with a ? below 22 23 Step 1: Calculate the estimated total manufacturing overhead cost for each department 24 Milling Assembly 25 Total fixed manufacturing overhead cost ? ? 26 Variable manufacturing overhead per machine-hour or direct labor-hour 2 27 Total machine-hours or direct labor-hours ? 2 28 Total variable manufacturing overhead ? ? 29 Total manufacturing overhead ? ? 30 Chapter 2 Form $370 2 B45 D E F G H 2 4 A B 30 31 Step 2: Calculate the predetermined overhead rate in each department 32 Milling Assembly 33 Total manufacturing overhead ? ? 34 Total machine-hours or direct labor-hours ? ? 35 Predetermined overhead rate per machine hour or direct labor hour ? ? 36 37 Step 3: Calculate the amount of overhead applied from both departments to Job 407 38 Milling Assembly 39 Predetermined overhead rate per machine hour or direct labor-hour ? ? 40 Machine-hours or direct labor-hours for the job 2 2 41 Manufacturing overhead applied 2 42 43 Step 4: Calculate the total job cost for Job 407 44 Milling Assembly 45 Direct materials ? 1? ? 2 46 Direct labor cost 2 ? 47 Manufacturing overhead applied ? ? ? 48 Total cost of Job 407 ? 49 50 Step 5: Calculate the selling price for Job 407 51 Total cost of Job 407 ? 52 Markup ? 53 Selling price of Job 407 ? 54 55 56 57 Total ? Chapter 2 Form