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Build a spreadsheet to calculate a manufacturing job's total cost and unit product cost. This lab uses Job # 2 6 information HINT: STEP
Build a spreadsheet to calculate a manufacturing job's total cost and unit product cost. This lab uses "Job # information HINT: STEPBYSTEP WALKTHROUGH To help you get started, the file already has a job order costs sheet populated with information. To complete the task, complete the following steps; Naming Cells: Individual cells, cell ranges, and tables can be named within Excel for formula ease. For example, the Total Materiat Subtal ceell referenced using words instead of the Excel coordinates. Label the completed units cell G "Units." Manufacturing Overhead: Review the manufacturing overhead rate in cell of the joborder spreadsheet and observenty Hours Che mafacturing overhead is allocated for Job Hint: DLH stands for Direct Labor more Check My Work uses remaining variations in total hours. hours b Now you have the building blocks to calculate the amount of manufacturing overhead. Calculate the manufacturing overhead in cell L for Job $ Is the manufacturing overhead amount you found for the JOB or for EACH UNIT? The manufacturing overhead amount is found fo Cost Summary a Calculate total direct materials for Job # in cell G Hint: Is the direct material information given the total for the job or for each unit? b Calculate direct labor for Job # in cell G Hint: Is the direct labor information given the total for the job or for each unit? c Calculate manufacturing overhead for Job # in cell G Do not hardcode. d Calculate the total costs for Job in cell e Calculate the unit product cost for Job # in cell G e Calculate the unit product cost for Job # in cell G Reflect on your calculation process to further understand cost concepts. a How does manufacturing overhead differ from direct materials and direct labor? Manufacturing overhead is not osts, associated with manufacturing. It requires analyzation of total What variables does direct labor depend on traceable outright to producing a unit. What variables do direct materials depend on What variables does manufacturing overhead depend on c What information can you gleam from the jobcost spreadsheet? What is the most expensive part of the job? least expensive? The least expensive part of this manufacturing iob is Explain how job cost sheets are used evaluate and control costs. abou the job's cost. The input in the box below will not be graded, but may be reviewed a and considered by your instructor.
Build a spreadsheet to calculate a manufacturing job's total cost and unit product cost. This lab uses "Job # information HINT: STEPBYSTEP WALKTHROUGH
To help you get started, the file already has a job order costs sheet populated with information. To complete the task, complete the following steps;
Naming Cells: Individual cells, cell ranges, and tables can be named within Excel for formula ease. For example, the Total Materiat Subtal ceell referenced using words instead of the Excel coordinates. Label the completed units cell G "Units." Manufacturing Overhead: Review the manufacturing overhead rate in cell of the joborder spreadsheet and observenty Hours
Che mafacturing overhead is allocated for Job Hint: DLH stands for Direct Labor
more Check My Work uses remaining variations in total hours.
hours
b Now you have the building blocks to calculate the amount of manufacturing overhead. Calculate the manufacturing overhead in cell L for Job $
Is the manufacturing overhead amount you found for the JOB or for EACH UNIT?
The manufacturing overhead amount is found fo
Cost Summary
a Calculate total direct materials for Job # in cell G Hint: Is the direct material information given the total for the job or for each unit?
b Calculate direct labor for Job # in cell G Hint: Is the direct labor information given the total for the job or for each unit?
c Calculate manufacturing overhead for Job # in cell G Do not hardcode.
d Calculate the total costs for Job in cell
e Calculate the unit product cost for Job # in cell G
e Calculate the unit product cost for Job # in cell G
Reflect on your calculation process to further understand cost concepts.
a How does manufacturing overhead differ from direct materials and direct labor?
Manufacturing overhead is
not
osts, associated with manufacturing. It requires analyzation of total
What variables does direct labor depend on traceable outright to producing a unit.
What variables do direct materials depend on
What variables does manufacturing overhead depend on
c What information can you gleam from the jobcost spreadsheet? What is the most expensive part of the job? least expensive?
The least expensive part of this manufacturing iob is
Explain how job cost sheets are used evaluate and control costs. abou the job's cost.
The input in the box below will not be graded, but may be reviewed a
and considered by your instructor.
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