Chapter 2: Applying Excel: Exercise (Part 2 of 2) 2. Change the total fixed manufacturing overtiead cost for the Miling 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 3Cost summary for Job 408 Department 4 Milling Assembly 5 Machine hours 00 4 0 Direct labor hours 7 20 2 Direct materials cost S 400 0305 1265 8 Direct labor cost S 340 In your worksheet, enter this new data in the cells for Job 407 What is the new selling price for Job 4087 (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 4,000 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 dot the same as it was in Requirement 2. What is the selling price for Job 108 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 403 Chapter 2: Applying Excel: Excel Worksheet (Part 1 of 2) Download the Applying Excel form and enter formulas in all cells that contain question marks The Chapter 2 Form worksheet is to be used to create your own worksheet version of the example in the text. Enter formulas in the cells that contain question marks. For example, in cell B25 enter the formula 10 After entering formulas in all of the cells that contained question marks, verify that the amounts match the example in the text Check your worksheet by changing the total fixed manufacturing overhead cost for the Milling Department in the Data area to $100.000 keping all other to the same as in the original example. If your worksheet is operating properly, the total cost of Job 407 should now be $2.250. If you do not get this answer in the errors in your worksheet and correct them You should proceed to the requirements below only after completing your worksheet Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse Next, click Save." You will use this worksheet 70 answer the questions in Part 2 1 Chapter 2: Applying Excel 2. 3 Data 4 Markup on job cost 75% 5 6 Department 7 Milling Assembly 8 Machine hours 60,000 3,000 9 Direct labor-hours 8,000 80,000 10 Total fixed manufacturing overhead cost $390,000 $500,000 11 Variable manufacturing overhead per machine-hour $2.00 12 Variable manufacturing overhead per direct labor-hour $3.75 13 14 Cost summary for Job 407 Department 15 Milling Assembly 16 Machine-hours 90 4 17 Direct labor-hours 5 20 18 Direct materials $800 $370 19 Direct labor cost $70 $280 20 21 Enter a formula into each of the cells marked with a ? below 22 23 Step 1: Calculate the estimated total manufacturing overhead cost for each department 24 Milling Assembly 25 Total fixed manufacturing overhead cost 2 26 Variable manufacturing overhead per machine hour or direct labor-hour 2 27 Total machine hours or direct labor-hours 2 ? 28 Total variable manufacturing overhead ? 29 Total manufacturing overhead 30 31 Step 2: Calculate the predetermined overhead rate in each department 32 Milling Assembly 33 Total manufacturing overhead 2 34 Total machine hours or direct labor hours 35 Predete ined overhead rate per machine hour or direct labor hour ? Chapter 2 Form 2 2 2 2 2 ? ? Ra
