Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Change the total fixed manufacturing overhead cost for the Milling Department in Data area back to $390,000, keeping all of the other data the


 

Change the total fixed manufacturing overhead cost for the Milling Department in Data 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 6 201 7 Direct materials cost $ 880 $ 240 8 Direct labor cost $ 102 $ 400 In your worksheet, enter this new data in the cells for Job 407. What is the new selling price for Job 408? 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 5,000 machine-hours? 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 40,000 direct labor-hours?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

ANSWER To answer these questions we need to calculate the total cost of Job 408 and then determine the selling price based on the desired profit margi... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray Garrison, Eric Noreen, Peter Brewer

17th Edition

1260247783, 978-1260247787

More Books

Students also viewed these Accounting questions

Question

How are the company cultures different? LO.1

Answered: 1 week ago