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i need 4,5,6,&8 the answer or info should be in the graph following the question Required information [The following information applies to the questions displayed
i need 4,5,6,&8 the answer or info should be in the graph following the question
Required information [The following information applies to the questions displayed below] Ozuna Company uses a job-order costing system with a plantwide predetermined overhead rate based on direct laborhours. For job costing purposes, it uses an average direct labor wage rate of $20 per hour. The company has been struggling financially, accordingly, it has asked you to conduct a job profitability study beginning with a thorough critique of its existing cost system. To keep the scope of your project manageable, you have chosen a subset of 12 jobs from the many jobs completed by the company during the year. Your goal is to complete the table shown below and comment on the insights that it provides: Click here to download the. Excel template which you will use to answer the questions that follow. Click here for a brief tutorial on PivotTables in Excel Cliek here for a brief tutorial on VLQOKUP in Excel. Required: 4. Within the "Estimated MOHn tab, a. Create a formula in cell E40 that calculates a plantwide predetermined overhead rate this year. b. What is the plantwide predetermined overhead rate for this year? Required: 5. Go to the tab titled "Job Profitability": a. Using formulas that refer to your answers from requirements 14, calculate the direct materials, direct labor, and applied overhead cost for each of the 12 jobs. (Hint Use VLOOKUP to reference values from the pivot tables you created in requirements 1 and 2 .) b. What is the amount of applied overhead for Jobs 4 and 9 ? Required: 6. Within the "Job Profitability": a. create formulas that compute the total job cost and gross margin for each of the 12 jobs. b. What is the total cost of Jobs 3 and 12 ? c. What is the gross margin Jobs 1 and 8 ? Complete this question by entering your answers in the tabs below. What is the gross margin Jobs 1 and 8 ? Required: 7. Go to the tab titled "Waterfall Chart" and answer the following questions. a. According to the chart, which jobs have the highest and lowest gross margins? b. According to the chart, which of the following statements are true (you may select more than one answer). (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) The eight most proftable jobs produced a gross margin slightly above $4,000 A total of four jobs decreased the company's overall gross margin Jobs 8 and 2 both decreased the total gross margin. The company's total gross margin for the 12 jobs included in the chart is less than $2,500 Gross Margin by Job Increase Decrease Total Required: 8. Go to the tab titied "Combo Chart" and answer the following questions. a. According to the chart, which jobs have the lowest and highest labor intensity percentages? b. According to the chart which of the following statements are true regarding the company's existing cost system (you may select more than one correct answer)? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer, Any boxes left with a question mark will be automatically graded as incorrect.) The 12 jobs depicted in the combo chart suggest that gross margin and labor intensity percentagotind to have an inverse relotionship. The 12 jobs depicted in the combo chart suggest that gross margin abd labor intensily percentage tend to move in tandem because they are corelated wath ene another. The existing cost system is most ikely undercosting labor imtensive products. The existing cost syatem is most ikely overcosting sabor intensive products Note: Each job's labor intensity is computed by taking the job's direct labor cost divided by its sales. Required information [The following information applies to the questions displayed below] Ozuna Company uses a job-order costing system with a plantwide predetermined overhead rate based on direct laborhours. For job costing purposes, it uses an average direct labor wage rate of $20 per hour. The company has been struggling financially, accordingly, it has asked you to conduct a job profitability study beginning with a thorough critique of its existing cost system. To keep the scope of your project manageable, you have chosen a subset of 12 jobs from the many jobs completed by the company during the year. Your goal is to complete the table shown below and comment on the insights that it provides: Click here to download the. Excel template which you will use to answer the questions that follow. Click here for a brief tutorial on PivotTables in Excel Cliek here for a brief tutorial on VLQOKUP in Excel. Required: 4. Within the "Estimated MOHn tab, a. Create a formula in cell E40 that calculates a plantwide predetermined overhead rate this year. b. What is the plantwide predetermined overhead rate for this year? Required: 5. Go to the tab titled "Job Profitability": a. Using formulas that refer to your answers from requirements 14, calculate the direct materials, direct labor, and applied overhead cost for each of the 12 jobs. (Hint Use VLOOKUP to reference values from the pivot tables you created in requirements 1 and 2 .) b. What is the amount of applied overhead for Jobs 4 and 9 ? Required: 6. Within the "Job Profitability": a. create formulas that compute the total job cost and gross margin for each of the 12 jobs. b. What is the total cost of Jobs 3 and 12 ? c. What is the gross margin Jobs 1 and 8 ? Complete this question by entering your answers in the tabs below. What is the gross margin Jobs 1 and 8 ? Required: 7. Go to the tab titled "Waterfall Chart" and answer the following questions. a. According to the chart, which jobs have the highest and lowest gross margins? b. According to the chart, which of the following statements are true (you may select more than one answer). (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) The eight most proftable jobs produced a gross margin slightly above $4,000 A total of four jobs decreased the company's overall gross margin Jobs 8 and 2 both decreased the total gross margin. The company's total gross margin for the 12 jobs included in the chart is less than $2,500 Gross Margin by Job Increase Decrease Total Required: 8. Go to the tab titied "Combo Chart" and answer the following questions. a. According to the chart, which jobs have the lowest and highest labor intensity percentages? b. According to the chart which of the following statements are true regarding the company's existing cost system (you may select more than one correct answer)? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer, Any boxes left with a question mark will be automatically graded as incorrect.) The 12 jobs depicted in the combo chart suggest that gross margin and labor intensity percentagotind to have an inverse relotionship. The 12 jobs depicted in the combo chart suggest that gross margin abd labor intensily percentage tend to move in tandem because they are corelated wath ene another. The existing cost system is most ikely undercosting labor imtensive products. The existing cost syatem is most ikely overcosting sabor intensive products Note: Each job's labor intensity is computed by taking the job's direct labor cost divided by its sales Step by Step Solution
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