Chapter 2: Applying Excel Data 75% Markup on job cost Department Miling Assembly 3,000 60,000 Machine-hours 80.000 Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour 8.000 $500,000 $390.000 $2.00 $3.75 Cost summary for Job 407 Department Assembly Milling Machine-hours Direct labor-hours 80 5 20 Direct materials $710 $400 Direct labor cost $95 $340 Enter a formula into each of the cells marked with a ? below Step 1: Calculate the estimated total manufacturing overhead cost for each department Mling Assembly Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour or direct labor-hour Total machine-hours or direct labor-hours Total variable manufacturing overhead Total manufacturing overhead 2 7 Step 2: Calculate the predetermined overhead rate in each department Miling Assembly Tolal manufacturing overhead Total machine-hours or direct labor-hours 7 Predetermined overhead rate per machine-hour or direct labor-hour Step 3: Calculate the amount of overhead applied from both departments to Job 408 Miling Assembly Predetermined overhead rate per machine-hour or direct labor-hour Machine-hours or direct labor-hours for the job Manufacturing overhead appled Step 4: Calculate the total job cost for Job 408 Ming Assembly Total Direct materials Direct labor cost News Chapter 2 Form Tww 4 Machine-hours 80 Direct labor-hours Direct matorials 5 20 $710 $400 Direct labor cost $95 $340 Enter a formula into each of the cells marked with a ? below Step 1: Calculate the estimated total manufacturing overhead cost for each department Miling Assembly Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour or direct labor-hour 7 ? 7 Total machine-hours or direct labor-hours Total variable manufacturing overhead Total manufacturing overhead 7 7 Step 2: Calculate the predetermined overhead rate in each department Miling Assembly Total manufacturing overhead Total machine-hours or direct labor-hours Predetermined overhead rate per machine-hour or direct labor-hour 7 7 7 Step 3: Caloulate the amount of overhead applied from both departments to Job 408 Miling Assembly Predetermined overhead rate per machine-hour or direct labor-hour Machine-hours or direct labor-hours for the job Manufacturing overhead applied Step 4: Calculate the total job cost for Job 408 Miling Assembly Total Direct materials Direct labor cost Manufacturing Total cost of Job 407 applied Step 5: Calculate the selling price for Job 408 Total cost of Job 407 Markup Selling price of Job 407 What is the new selling price for Job 408? (Round your final answer to 2 decimal places.) 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 6,000 machine-hours? (Round your final answer to 2 decimal places) Selling price for Job 408 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 50,000 direct labor-hours? (Round your final answer to 2 decimal places.) Selling price for Job 408
