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need help doing 2,3 and 4. please. Chapter 75% Data Markup on job cost Machine hours Direct labor hours Total foed manufacturing overhead cost Variable
need help doing 2,3 and 4. please.
Chapter 75% Data Markup on job cost Machine hours Direct labor hours Total foed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Ming Assembly 60 000 3.000 8,000 80,000 $390,000 $500,000 $2.00 $375 Cost summary for Job 407 Machine-hours Direct labor-hours Direct materials Direct labor cost Department Ming Assembly 90 4 20 $800 $370 $70 $280 2 2 3 Enter a forma into each of the cells marked with a below Step 1: Calculate the estimated total manufacturing overhead cost for each department Ming Assembly Total Med manufacturing overhead cost ? 2 2 Variable manufacturing overhead per machine-hour or direct labor-hour Total machine hours or direct sabor hours Total variable manufacturing overhead Total manufacturing overhead ? Step 2: Calculate the predetermined overhead rate in each department Ming Assembly Total manufacturing overhead 2 Total machine-hours or direct labor hours ? 2 s predetermined overhead rate per machine-hour or direct labor-hour 7 Step 3: Calculate the amount of overhead applied from both departments to Job 407 B Ming Assembly 3 Predetermined overhead rate per machine-hour or direct labor-hour 2 Machine hours or direct labor-hours for the job ? 2 Manufacturing overhead appled 2 12 3 Step 4: Calculate the total job cost for Job 407 24 Men Assembly 5 Direct materials 2 2 16 Director Cost # Manufacturing overhead applied 88 Total cost of Job 407 2 ? 2 Total 2 7 ? 2 2 2 50 Step 5: Calculate the selling price for Job 407 51 Total cost of Job 407 52 Markup 53 Sering price of job 407 54 SS 56 52 2 2 2 2. Change the total fixed manufacturing overhead cost for the Milling Department in D $390,000, keeping all of the other data the same as in the original example. Consider the following characteristics: B 1 A 1 Chapter 2: Applying Excel N 3 Cost summary for Job 408 4 4 5 Machine-hours Direct labor-hours Direct materials cost Direct labor cost Department Milling Assembly 60 2 5 20 520 $ 260 80 $ 340 6 7 $ $ CO In your worksheet, enter this new data in the cells for Job 407. 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 6,000 machine-hours? (Round your final answer to 2 decimal places.) Selling price for Job 408 $ 3,657.50 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 40,000 direct labor- hours? (Round your final answer to 2 decimal places.) Selling price for Job 408 $ 3.788.75 Step by Step Solution
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