! Required information [The following information applies to the questions displayed below.] Ozuna Company uses a job-order costing system with a plantwide predetermined overhead rate based on direct labor- hours. For job costing purposes, it uses an average direct labor wage rate of $20 per hour. The company has been struggling financially; accordingly, it has asked you to conduct a job profitability study beginning with a thorough critique of its existing cost system. To keep the scope of your project manageable, you have chosen a subset of 12 jobs from the many jobs completed by the company during the year. Your goal is to complete the table shown below and comment on the insights that it provides: Job Sales 1 $2,400 Direct Materials ? Direct Labor Applied Overhead Total Job Cost Gross Margin ? ? ? ? 2 $5,400 ? ? ? ? ? 3 $9,000 ? ? ? ? ? 4 $1,450 ? ? ? ? 5 $2,200 ? ? ? ? ? 6 $7,000 ? ? ? ? ? 7 $1,700 ? ? ? ? 8 $1,600 ? ? ? ? 9 $8,000 ? ? ? ? 10 $4,100 ? ? ? ? ? 11 $3,200 ? ? ? ? 12 $2,800 ? ? ? ? Click here to download the Excel template, which you will use to answer the questions that follow. Click here for a brief tutorial on PivotTables in Excel. Click here for a brief tutorial on VLOOKUP in Excel. Required: 1. Go to the tab titled "Direct Materials Requisitions.": a. Using PivotTable, calculate the total direct materials cost for each of the 12 jobs. b. What is the total direct materials cost for Jobs 5 and 11? Job 5 Job 11 The total direct materials cost is Ozuna Company uses a job-order costing system with a plantwide predetermined overhead rate based on direct labor- hours. For job costing purposes, it uses an average direct labor wage rate of $20 per hour. The company has been struggling financially; accordingly, it has asked you to conduct a job profitability study beginning with a thorough critique of its existing cost system. To keep the scope of your project manageable, you have chosen a subset of 12 jobs from the many jobs completed by the company during the year. Your goal is to complete the table shown below and comment on the insights that it provides: Job Sales 1 $2,400 Direct Materials ? Direct Labor Applied Overhead Total Job Cost ? ? ? Gross Margin ? 2 $5,400 ? ? ? ? ? 3 $9,000 P ? ? ? 2 4 $1,450 ? ? ? ? ? 5 $2,200 ? ? P P 6 $7,000 ? ? P P 7 $1,700 P P P P 8 $1,600 P ? ? P 9 $8,000 ? ? ? ? 10 $4,100 ? ? 11 $3,200 ? ? ? 12 $2,800 ? Click here to download the Excel template, which you will use to answer the questions that follow. Click here for a brief tutorial on PivotTables in Excel. Click here for a brief tutorial on VLOOKUP in Excel. Go to the tab titled "Direct Labor Summary.": . Using PivotTable, calculate the total direct labor cost and total direct labor-hours for each of the 12 jobs. . What is the total direct labor cost for Jobs 3 and 10? . What are the total direct labor-hours for Jobs 3 and 10? Complete this question by entering your answers in the tabs below. Req 2B Req 2C What is the total direct labor cost for Jobs 3 and 10? The total direct labor cost is Job 3 Job 10 < Req 2B Req 2C > < Prev. 6 7 8 10 of 14 Next > Ozuna Company uses a job-order costing system with a plantwide predetermined overhead rate based on direct labor- hours. For job costing purposes, it uses an average direct labor wage rate of $20 per hour. The company has been struggling financially; accordingly, it has asked you to conduct a job profitability study beginning with a thorough critique of its existing cost system. To keep the scope of your project manageable, you have chosen a subset of 12 jobs from the many jobs completed by the company during the year. Your goal is to complete the table shown below and comment on the insights that it provides: Direct Job Sales Materials Direct Labor Applied Overhead Total Job Cost Gross Margin 1 $2,400 ? ? ? ? ? 123456789222 $5,400 ? ? ? ? ? $9,000 ? ? ? ? ? $1,450 ? ? ? ? ? $2,200 ? ? ? ? ? $7,000 ? ? ? ? ? $1,700 ? ? ? ? ? $1,600 ? ? ? ? ? $8,000 ? ? ? ? ? 10 $4,100 ? ? ? ? ? 11 $3,200 ? ? ? ? ? $2,800 ? ? ? ? ? Click here to download the Excel template, which you will use to answer the questions that follow. Click here for a brief tutorial on PivotTables in Excel. Click here for a brief tutorial on VLOOKUP in Excel. quired: Go to the tab titled "Estimated MOH.": . For each of the seven variable manufacturing overhead expenses (highlighted in yellow), create a formula that calculates the stimated amount of the expense for this year. (Hint: Use last year's actual amount of each expense and the actual total labor hours cell B39] as the basis for this year's estimates.) b. and 3c. What is the estimated indirect materials cost in the Molding Department (cell E17) and the estimated utilities cost in the abrication Department (cell E21)? The estimated indirect materials cost in Molding is 3-b. 3-c. The estimated utilities cost in Fabrication is < Prev. 7 S 00 8 9 10 of 14 Next > Ozuna Company uses a job-order costing system with a plantwide predetermined overhead rate based on direct labor- hours. For job costing purposes, it uses an average direct labor wage rate of $20 per hour. The company has been struggling financially; accordingly, it has asked you to conduct a job profitability study beginning with a thorough critique of its existing cost system. To keep the scope of your project manageable, you have chosen a subset of 12 jobs from the many jobs completed by the company during the year. Your goal is to complete the table shown below and comment on the insights that it provides: Job 1 Sales $2,400 Direct Materials ? Direct Labor Applied Overhead Total Job Cost Gross Margin ? ? ? 2 $5,400 ? ? ? ? ? 3 $9,000 ? ? ? ? ? 4 $1,450 ? ? 5 $2,200 ? ? ? ? ? 6 $7,000 ? ? 7 $1,700 ? ? ? 8 $1,600 ? ? ? ? ? 9 $8,000 ? ? ? ? ? 10 $4,100 ? ? ? 11 $3,200 ? ? ? ? ? 12 $2,800 ? ? ? ? ? Click here to download the Excel template, which you will use to answer the questions that follow. Click here for a brief tutorial on PivotTables in Excel. Click here for a brief tutorial on VLOOKUP in Excel. equired: Within the "Estimated MOH" tab, . Create a formula in cell E40 that calculates a plantwide predetermined overhead rate this year. . What is the plantwide predetermined overhead rate for this year? The plantwide predetermined overhead rate is G Ozuna Company uses a job-order costing system with a plantwide predetermined overhead rate based on direct labor- hours. For job costing purposes, it uses an average direct labor wage rate of $20 per hour. The company has been struggling financially, accordingly, it has asked you to conduct a job profitability study beginning with a thorough critique of its existing cost system. To keep the scope of your project manageable, you have chosen a subset of 12 jobs from the many jobs completed by the company during the year. Your goal is to complete the table shown below and comment on the insights that it provides: Job 1 Sales $2,400 Direct Materials ? Direct Labor Applied Overhead Total Job Cost Gross Margin ? 2 $5,400 ? ? ? ? ? 3 $9,000 ? ? ? ? ? 4 $1,450 ? ? ? ? 5 $2,200 ? ? ? ? ? 6 $7,000 ? 7 $1,700 ? 8 $1,600 ? ? 9 $8,000 ? ? ? ? ? 10 11 12 112 $4,100 ? ? $3,200 ? ? ? $2,800 ? ? ? ? ? Click here to download the Excel template, which you will use to answer the questions that follow. Click here for a brief tutorial on PivotTables in Excel. Click here for a brief tutorial on VLOOKUP in Excel. quired: Go to the tab titled "Job Profitability.": Using formulas that refer to your answers from requirements 1-4, calculate the direct materials, direct labor, and applied overhead ost for each of the 12 jobs. (Hint: Use VLOOKUP to reference values from the pivot tables you created in requirements 1 and 2.) What is the amount of applied overhead for Jobs 4 and 9? Job 4 Job 9 The applied overhead is < Prev. 9 10 of 14 Next > Ozuna Company uses a job-order costing system with a plantwide predetermined overhead rate based on direct labor- hours. For job costing purposes, it uses an average direct labor wage rate of $20 per hour. The company has been struggling financially; accordingly, it has asked you to conduct a job profitability study beginning with a thorough critique of its existing cost system. To keep the scope of your project manageable, you have chosen a subset of 12 jobs from the many jobs completed by the company during the year. Your goal is to complete the table shown below and comment on the insights that it provides: Job 1 Sales $2,400 Direct Materials ? Direct Labor Applied Overhead Total Job Cost Gross Margin ? ? ? ? 2 $5,400 ? ? ? ? ? 3 $9,000 ? ? ? ? ? 4 $1,450 ? ? ? ? ? 5 $2,200 ? ? ? ? ? 6 $7,000 ? ? ? ? ? 7 $1,700 ? ? ? ? ? 8 $1,600 ? ? ? ? ? 9 $8,000 ? ? ? ? ? 10 $4,100 ? ? ? ? ? 11 $3,200 ? ? ? ? ? 12 $2,800 ? Click here to download the Excel template, which you will use to answer the questions that follow. Click here for a brief tutorial on PivotTables in Excel. Click here for a brief tutorial on VLOOKUP in Excel. quired: Within the "Job Profitability": create formulas that compute the total job cost and gross margin for each of the 12 jobs. What is the total cost of Jobs 3 and 12? What is the gross margin Jobs 1 and 8? Complete this question by entering your answers in the tabs below. Req 6B Req 6C What is the total cost of Jobs 3 and 12? The total cost is ...xlsx ^ Job 3 Job 12 < Req 6B Req 6C > Chap 2 Data analy....xlsx ^ < Prev. 60 10 of 14 Next >