Milling Department Overhead Cost (Y)=$390,000+($2.00 per MH60,000MHs) =$390,000+$120,000 =$510,000 Assembly Department Overhead Cost (Y)=$500,000+($3.75 per DLH80,000DI =$500,000+$300,000 =$800,000 Step 2: Calculate the predetermined overhead rate in each department. Milling Department Overhead Rate =$510,000/60,000 machine-hours =$8.50 per machine-hour Assembly Department Overhead Rate =$800,000/80,000 direct labor-hours =$10.00 per direct labor-hour Step 3: Calculate the amount of overhead applied from both departments to Job 407. Milling Department: Overhead Applied to Job 407 =$8.50 per MH90MHs =$765 Assembly Department: Overhead Applied to Job 407 =$10.00 per DLH 20 DLHs =$200 Step 4: Calculate the total job cost for Job 407. Step 5: Calculate the selling price for Job 407. Required: 1. 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. Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse." Next, click "Sove." You will use this worksheet to answer the questions in Part 2. Data Markup on job cost 75% Department Enter a formula into each of the cells marked with a ? below 23 Step 1: Calculate the estimated total manufacturing overhead cost for each department Step 2: Calculate the predetermined overhead rate in each department 33 Total manufacturing overhead 34 Total machine-hours or direct labor-hours 35 Predetermined overhead rate per machine-hour or direct labor-hour Chapter 3 Form A B C 31 Step 2: Calculate the predetermined overhead rate in each department 32 Total manufacturing overhead Milling Assembly 34 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 \begin{tabular}{|l|l|c|c|} 39 & Predetermined overhead rate per machine-hour or direct labor-hour & Milling & Assembly \\ 40 & Machine-hours or direct labor-hours for the job & ? & ? \\ 41 & Manufacturing overhead applied & ? & ? \\ \hline \end{tabular} 43 Step 4: Calculate the total job cost for Job 407 Total cost of Job 407 49 Step 5: Calculate the selling price for Job 407 51 Total cost of Job 407 52 Markup 53 Selling price of Job 407 \begin{tabular}{|l|} \hline 54 \\ \hline 55 \\ \hline 56 \\ \hline 5 \\ \hline 58 \\ \hline 59 \\ 60 \\ \hline 61 \\ 62 \\ \hline 63 \\ \hline 64 \\ \hline \end{tabular} Milling Department Overhead Cost (Y)=$390,000+($2.00 per MH60,000MHs) =$390,000+$120,000 =$510,000 Assembly Department Overhead Cost (Y)=$500,000+($3.75 per DLH80,000DI =$500,000+$300,000 =$800,000 Step 2: Calculate the predetermined overhead rate in each department. Milling Department Overhead Rate =$510,000/60,000 machine-hours =$8.50 per machine-hour Assembly Department Overhead Rate =$800,000/80,000 direct labor-hours =$10.00 per direct labor-hour Step 3: Calculate the amount of overhead applied from both departments to Job 407. Milling Department: Overhead Applied to Job 407 =$8.50 per MH90MHs =$765 Assembly Department: Overhead Applied to Job 407 =$10.00 per DLH 20 DLHs =$200 Step 4: Calculate the total job cost for Job 407. Step 5: Calculate the selling price for Job 407. Required: 1. 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. Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse." Next, click "Sove." You will use this worksheet to answer the questions in Part 2. Data Markup on job cost 75% Department Enter a formula into each of the cells marked with a ? below 23 Step 1: Calculate the estimated total manufacturing overhead cost for each department Step 2: Calculate the predetermined overhead rate in each department 33 Total manufacturing overhead 34 Total machine-hours or direct labor-hours 35 Predetermined overhead rate per machine-hour or direct labor-hour Chapter 3 Form A B C 31 Step 2: Calculate the predetermined overhead rate in each department 32 Total manufacturing overhead Milling Assembly 34 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 \begin{tabular}{|l|l|c|c|} 39 & Predetermined overhead rate per machine-hour or direct labor-hour & Milling & Assembly \\ 40 & Machine-hours or direct labor-hours for the job & ? & ? \\ 41 & Manufacturing overhead applied & ? & ? \\ \hline \end{tabular} 43 Step 4: Calculate the total job cost for Job 407 Total cost of Job 407 49 Step 5: Calculate the selling price for Job 407 51 Total cost of Job 407 52 Markup 53 Selling price of Job 407 \begin{tabular}{|l|} \hline 54 \\ \hline 55 \\ \hline 56 \\ \hline 5 \\ \hline 58 \\ \hline 59 \\ 60 \\ \hline 61 \\ 62 \\ \hline 63 \\ \hline 64 \\ \hline \end{tabular}