Check my wor Required information This Excel worksheet relates to the Dickson Company example that is summarized in Exhibit 2-5 2. Change the total fixed manufacturing overhead 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 B 1 Chapter 2: Applying Excel 2 3 Cost summary for Job 408 4 5 Machine-hours 6 Direct labor-hours 7 Direct materials cost Direct labor cost Department Milling Assembly 80 2 8 40 550 $ 200 120 $ 800 $ $ In your worksheet, enter this new data in the cells for 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 5,000 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 deta 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 3 Data Map on pb cost 75% 5 5 Department Milling Assembly Machine-hours 60,000 3,000 9 Direct labor-hours 8.000 80,000 10 Total food manufacturing overhead cost $300,000 $500,000 11 Variable manufacturing overhead per machine hour $2.00 12 Vanable manufacturing overhead per direct labor-hour $3.75 13 14 Cost summary for Job 407 Department 15 Midling Assembly 16 Machine-hours 90 0 17 Director hours 5 20 15 Direct materials $200 $370 19 Director cost $70 $280 20 21 Enter a forma into each of the cells marked with a ? below 22 23 Step 1: Calculate the estimated total manufacturing overhead coat for each department 24 Mling Assembly 25 Tote machung cho con $390,000 25 Variate manufacturing overhead per machine four or direct labor-tour 5500 000 21 Total machine hours or direct bor hours $2.00 $3.75 60,000 80 000 25 Tohl vore manufacturing overed 29 Total manufacturing ved $120.000 $300.000 $510 000 30 $300 000 31 Step 2. Calculate the predetermined overhead rate in each department 32 3) Tomatochining word Miling Assembly $10.000 $100,000 0 000 Chapter 2 Form [ BIU CA 3 $ % 98 Format as Cell Styles ward Font Alignment 21 Nurnber Sty Xf D E A tal fixed manufacturing overhead cost ariable manufacturing overhead per machine hour or direct labor hour stal machine-hours or direct labor-hours otal variable manufacturing overhead otal manufacturing overhead B $390,000 $2.00 60,000 $120,000 $510,000 $500,000 $3.75 80,000 $300,000 $800,000 Assembly $800,000 80,000 $10.00 $8.50 Step 2: Calculate the predetermined overhead rate in each department Milling Total manufacturing overhead $510,000 Total machine hours or direct labor-hours 60,000 Predetermined overhead rate per machine hour or direct labor hour Step 3: Calculate the amount of overhead applied from both departments to Job 407 Milling Predatormined overhead rate per machine hour or direct labor-hour $8.50 Machine hours or direct labor hours for the job 90 Manufacturing overhead applied $765 00 Step 4: Calculate the total job cost for Job 407 Milling s Direct materials $800.00 6 Direct labor cost $70 00 17 Manufacturing overhead applied $765 00 50 Total cost of Job 407 19 50 Step 5: Calculate the selling price for Job 407 51 Total cost of Job 407 Assembly $10.00 20 $200 00 4 Assembly $370.00 $280.00 $200.00 Total $1,170 00 $350 00 $955 00 $2485 00 53 Soting price of Job 407 54 2.485.00 1,114.00 1,349.00