Data Markup on job cool 75% Machine-hours Direct labor-hours Total fund manufacturing overhead cost Variable manufacturing overhead per machine hour Variable manufacturing overhead per direct labor-hour Department Milling Assembly 60.000 3,000 8,000 80.000 $390,000 $500.000 $2.00 53.75 Cost summary for Job 407 Machine hours Direct labor-hours Direct materials Direct labor cost Department Milling Assembly SO 4 5 20 $800 $370 $70 $280 Enter a formule into each of the colle marked with a bolow Step 1: Calculate the estimated total manufacturing overhead cost for each department Miling 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 7 ? ? 2 22 Assembly ? 2 2 2 2 Step 2: Calculate the predetermined overhead rate in each department Milling Total manufacturing overhead Total machine-hours or direct labor-hours Predetermined overhead rate per machine hour of direct labor-hour ? 2 ? Assembly 2 2 7 Step 3: Calculate the amount of overhead applied from both departments to Job 407 Predatumined overhead rate per machine hour or direct labor-heur Machine hours or direct labor hours for the job Manufacturing overhead applied 2 7 Assay 2 2 7 Step 4: Calculate the total ob cost for Job 407 Milling To Direct materials Direct labor cos! Manufacturing overhead applied Total cost of Job 407 Anaby 2 2 2 2 22 2 Step 5: Calculate the selling price for Job 407 Total cost of Job 407 Markup Selling price of Job 407 mormation 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 *-810 Afer 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 foed manufacturing overhead cost for the Miling Department in the Data area to $300,000, keeping all other data the same as in the original exampleyour worksheet is operating properly, the total cost of Job 407 should now be $2,350. you do not get this answer, find 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 to answer the questions in Part 2 download reference file upload a response file (15MB max) Chhod Chapter 2 Applying Excel Student Formix