ICI CHE TUTTO IL CENTE CHu questom CITRS, very und Me UNTIS HOLCI we example in ure 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 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. bok B D ON Data 4 Markaup on job cost 75% Milling $70 Department 7 Assembly 8 Machine-hours 60,000 3,000 9 Direct labor hours 8,000 80,000 10 Total faced manufacturing overhead cost $390,000 $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 $280 20 21 Enter a formula into each of the cous marked with a ? below 22 23 Step 1: Calculate the estimated total manufacturing overhead cost for each department 24 Mling Assembly 25 Total faced manufacturing overhead cost ? ? 26 Variable manufacturing overhead por machine-hour or direct labor-hour 2 2 27 Total machine-hours or direct labor-hours ? 2 28 Total variable manufacturing overhead ? 2 29 Total manufacturing overhead 7 30 31 Step 2: Calculate the predetermined overhead rate in each department 32 Milling Assembly 33 Total manufacturing overhead ? ? 34 Total machine-hours or direct labor hours ? ? 35 Predetermined overhead rate per machine-hour or direct labor hour ? ? 36 2 D Tror W WUUUU Assembly ? ? ? ? 2 ? 44 Assembly Total Tevere e per me 36 37 Step 3: Calculate the amount of overhead applied from both departments to Job 407 38 Milling 39 Predetermined overhead rate per machine hour or direct labor hour 40 Machine-hours or direct laborhours for the job 41 Manufacturing overhead applied 42 43 Step 4: Calculate the total job cost for Job 407 Miling 45 Direct materials ? 46 Direct labor cost ? 47 Manufacturing overhead appled ? 48 Total cost of Job 407 50 Step 5: Calculate the selling price for Job 407 51 Total cost of Job 407 52 Marcup 53 Seling price of Job 407 54 SS 12 ? 2 2 ? ? 2 ? 2 7