div Hop Check my 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 A Chapter 2: Applying Excel 1 2 3 4 Cost summary for Job 408 5 6 7 Machine-hours Direct labor-hours Direct materials cost Direct labor cost Department Milling Assembly 80 2 6 40 550 $ 200 120 S 800 S $ 8 Required information 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 405 SW 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 = = IN TH Clipboard Is Font Alignment Number K54 X D B C 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 $300,000 $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 $390,000 $500,000 26 Variable manufacturing overhead per machine-hour or direct labor-hour $2.00 $3.75 27 Total machine hours or direct labor-hours 60.000 80,000 28 Total variable manufacturing overhead 29 Total manufacturing overhead $120,000 $300,000 $510 000 $800.000 30 31 Step 2: Calculate the predetermined overhead rate in each department 32 Milling 33 Total manufacturing overhead Assembly 34 Total machine heirs or diretar hours $510,000 $800,000 50.000 Chapter 2 Form