AutoSave OFF 15. Home Insert G Paste X [A Arial v BIU Draw Page Layout Formulas Data Review View Tell me 10 A A Wrap Text General A Merge & Center $%9 Chapter 2 Applying_Excel_Student Form 1 7 Cell Conditional Format Formatting as Table Styles .000 G63 fx A 14 Cost summary for Job 407 15 16 Machine-hours 17 Direct labor hours 18 Direct materials 19 Direct labor cost 20 21 Enter a formula into each of the ces marked with a? below 22 C D Department Mling Assembly 90 5 4 20 $800 $370 $70 $280 23 Step 1: Calculate the estimated total manufacturing overhead cost for each department 24 25 Total fixed manufacturing overhead cost 26 Variable manufacturing overhead per machine-hour or direct labor-hour 27 Total machine-hours or direct labor-hours 28 Total variable manufacturing overhead 29 Total manufacturing overhead 30 31 Step 2: Calculate the predetermined overhead rate in each department 32 33 Total manufacturing overhead 34 Total machine-hours or direct labor-hours 35 Predetermined overhead rate per machine-hour or direct labor-hour 36 Milling Assembly ? ? 7 7 7 7 ? 2 ? ? Ming Assembly 7 7 ? ? ? ? 37 Step 3: Calculate the amount of overhead applied from both departments to Job 407 38 39 Predetermined overhead rate per machine-hour or direct labor-hour 40 Machine-hours or direct labor hours for the job 41 Manufacturing overhead applied 42 43 Step 4: Calculate the total job cost for Job 407 44 45 Direct materials 46 Direct labor cost 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 Milling Assembly ? ? ? ? 7 7 Mling Assembly 7 7 7 ? ? ? ? ? ? ? ? 7 ? Total 54 55 56 57 58 59 60 G1 62 63 Ready Chapter 2 Form + Share Comments Insert Delete Format v v Sort & Filter Find & Select Analyze Sensitivity Data G H 1 K L M N P R 5 T 100%