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 "=B10".

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 $300,000, keeping all of other data the same as in the original example. If your worksheet is operating properly, the total cost of Job 407 should now be $2,350. If 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.

B1:Chapter 2: Applying Excel
B3:Data
B4:Markup on job cost	75%
B6	Department
B7	Milling	Assembly
Machine-hours	60,000	3,000
Direct labor-hours	8,000	80,000
Total fixed manufacturing overhead cost	$390,000	$500,000
Variable manufacturing overhead per machine-hour	$2.00
Variable manufacturing overhead per direct labor-hour		$3.75
Cost summary for Job 407	Department
	Milling	Assembly
Machine-hours	90	4
Direct labor-hours	5	20
Direct materials	$800	$370
Direct labor cost	$70	$280
Enter a formula into each of the cells marked with a ? below
Step 1: Calculate the estimated total manufacturing overhead cost for each department
	Milling	Assembly
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	?	?
Step 2: Calculate the predetermined overhead rate in each department
	Milling	Assembly
Total manufacturing overhead	?	?
Total machine-hours or direct labor-hours	?	?
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	Assembly
Predetermined overhead rate per machine-hour or direct labor-hour	?	?
Machine-hours or direct labor-hours for the job	?	?
Manufacturing overhead applied	?	?
Step 4: Calculate the total job cost for Job 407
	Milling	Assembly	Total
Direct materials	?	?	?
Direct labor cost	?	?	?
Manufacturing overhead applied	?	?	?
Total cost of Job 407			?
Step 5: Calculate the selling price for Job 407
Total cost of Job 407			?
Markup			?
Selling price of Job 407			?