Data Markup on job cost 75% Department Milling 60,000 Assembly 3,000 Machine-hours Direct labor-hours otal fixed manufacturing overhead cost 8,000 80,000 $390,000 $500,000 chine-hour S2.00 adlaunng oveead permahine-n arable manufacturing overhead per direct labor-hour $3.75 Cost summary for Job 407 Department Milling 9C Assembly Machine-hours Direct labor-hours Direct materials 4 20 $800 $370 irect labor cost $70 $280 Enter a formula into each of the cells marked with a? below tep 1: Calculate the estimated total manufacturing overhead cost for each department Milling Assembly otal fixed manufacturing overhead cost ? ariable manufacturing overhead per machine-hour or direct labor-hour otal machine-hours or direct labor-hours otal variable manufacturing overhead ? ? otal manufacturing overhead tep 2: Calculate the predetermined overhead rate in each department Milling Assembly otal manufacturing overhead otal machine-hours or direct labor-hours redetermined overhead rate per machine-hour or direct labor-hour Total manufacturing overhead Total machine-hours or direct labor-hours Predetermined overhead rate per machine-hour or direct labor-hour 2. ? 7 Step 3: Calculate the amount of overhead applied from both departments to Job 407 Miling Assembly ed ovemead rate per machine-hour or direct labor-hour for the job ueld Manufacturing overhead applied 3tep 4: Calculate the total iob cost for Job 407 Mling Assembly Total Direct materials Direct labor cost applied atal cost of Job 407 Step 5: Calculate the selling price for Job 407 ost of Job 407 Markun Selling price of Job 407 2. 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 C 1 Chapter 2: Applying Excel 2 3 Cost summary for Job 408 Department Milling 4 Assembly Machine-hours 90 4 40 6 Direct labor-hours 5 $ 7 Direct materials cost 570 420 $ 8 Direct labor cost 100 760 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 4,349.00 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 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
