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Posted on Aug 24, 2024

- ODI D - E 1 1 D28 fx 112 B D E 16 MR15 17 MR16 18 MR17 19 MR18 20 MR19 21 MR20

- ODI D - E 1 1 D28 fx 112 B D E 16 MR15 17 MR16 18 MR17 19 MR18 20 MR19 21 MR20 22 MR21 23 MR22 24 MR23 25 MR24 26 MR25 27 MR26 28 MR27 29 MR28 30 MR29 31 MR30 32 MR31 33 MR32 34 MR33 35 36 Fabrication Fabrication Fabrication Fabrication Fabrication Fabrication Fabrication Fabrication Fabrication Fabrication Assembly Assembly Assembly Assembly Assembly Assembly Assembly Assembly Assembly 6 $ 135.00 11 $ 129.00 1 $198.00 3 $ 134.00 12 $ 142.00 5 $ 136.00 7 $ 105.00 9 $ 131.00 8 $ 132.00 10 $ 119.00 4 $ 118.00 7 $ 80.00 9 $ 112.00 12 $ 116.00 11 $ 113.00 2 $ 115.00 6 $ 112.00 10 $ 114.00 1 $ 169.00 37 38 39 40 41 42 43 Pivot Table VLOOKUP Direct Materials Requisitions Direct Labor Summ 8 xvf 1.5 E F B 9 11 5 7 00 57 Loretta Hoyt 38 Loretta Hoyt 39 Madison Rodriquez 40 Madison Rodriquez 41 Marshall Toliver 42 Marshall Toliver 43 Mary Jo Hawley 44 Mary Jo Hawley 45 Mary Jo Hawley 46 Mary Jo Hawley 47 Michael Kershaw 48 Michael Kershaw 49 Rebecca Wills 50 Rebecca Wills 51 Rebecca Wills 52 Rebecca Wills 53 Rebecca Wills 54 Rebecca Wills 55 William Marks 56 William Marks 57 William Marks 58 Assembly Assembly Fabrication Fabrication Molding Molding Fabrication Fabrication Fabrication Fabrication Fabrication Fabrication Assembly Assembly Assembly Assembly Assembly Assembly Assembly Assembly Assembly 11 2 10 11 12 4 8 1 2 6 8 9 10 3 4 7 D 21.00 $ 4.00 $ 4.50 $ 3.25 $ 0.75 $ 6.00 $ 11.25 $ 8.00 $ 11.00 $ 6.00 $ 1.00 $ 4.00 $ 3.25 $ 12.75 $ 26.00 $ 3.50 $ 32.00 $ 7.00 $ 15.50 $ 1.00 $ 1.25 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 420 80 90 65 15 120 225 160 220 120 20 80 65 255 520 70 640 140 310 20 25 A B Direct Materials Applied Overhead Job Direct Labor Total Job Cost Sales 1 $ 2,400.00 2 $ 5,400.00 3 $ 9,000.00 4 $ 1,450.00 5 $ 2,200.00 6 $ 7,000.00 7 $ 1,700.00 8 $ 1,600.00 9 $ 8,000.00 10 $ 4,100.00 11 $ 3,200.00 12 $ 2,800.00 3 5 6 Ax & fx H K 1 M L G N D E B Gross Margin by Job Increase Decrease Total Gross Margin $4,500.00 $4,000.00 $3,500.00 $3,000.00 $2,500.00 $2,000.00 $1,500.00 $1,000.00 $500.00 s 4 1 12 5 7 11 10 00 2 6 9 3 Total Job Gross Margin vs. Labor Intensity 0.300 $1,000.00 $800.00 $600.00 0.250 $400.00 $200.00 ||IIII.. 0.200 S- Gross Margin 0.150 Labor Intensity 0.100 $(200.00) S(400.00) $(600.00) S(800.00) $(1,000.00) S(1,200.00) 0.050 0.000 4 1 12 5 7 11 10 00 26 93 Job Gross Margin -Labor Intensity Note: Each job's labor intensity is computed by taking the job's direct labor cost divided by its sales. . Go to the tab titled "Direct Labor Summary." a. Using PivotTable, calculate the total direct labor cost and total direct labor-hours for each of the 12 Jobs. b. What is the total direct labor cost for Jobs 3 and 10? c. What are the total direct labor-hours for Jobs 3 and 10? Ozuna Company uses a job-order costing system with a plantwide predetermined overhead rate based on direct labor- hours. 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: Job 1 2 3 Direct Labor 2 2 2 Applied Overhead 2 7 Direct Materials ? 2 2 2 ? 2 2 2 Sales $2.400 $5,400 $9,000 $1,450 $2,200 $7,000 $1,700 $1,600 $8,000 $4,100 $3,200 $2,800 5 6 7 8 9 10 11 12 ? ? 2 2 2 2 2 7 Total Job Cost 2 2 2 2 2 2 ? ? ? 2 2 Gross Margin 7 2 ? 2 2 2 2 2 2 ? 2 2 2 2 2 2 2 2 2 2 3-b. The estimated indirect materials cost in Molding is The estimated utilities cost in Fabrication is 13.c. Required: 4. Within the "Estimated MOH" 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? Answer is complete but not entirely correct. The plantwide predetermined overhead rate is $ 54.02 Required: 5. Go to the tab titled Job Profitability.": a. Using formulas that refer to your answers from requirements 1-4, ca cost for each of the 12 jobs. (Hint: Use VLOOKUP to reference values b. What is the amount of applied overhead for Jobs 4 and 9? Job 4 Job 9 The applied overhead is 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. Req 6B Req 6C What is the total cost of Jobs 3 and 12? Job 3 Job 12 The total cost is - ODI D - E 1 1 D28 fx 112 B D E 16 MR15 17 MR16 18 MR17 19 MR18 20 MR19 21 MR20 22 MR21 23 MR22 24 MR23 25 MR24 26 MR25 27 MR26 28 MR27 29 MR28 30 MR29 31 MR30 32 MR31 33 MR32 34 MR33 35 36 Fabrication Fabrication Fabrication Fabrication Fabrication Fabrication Fabrication Fabrication Fabrication Fabrication Assembly Assembly Assembly Assembly Assembly Assembly Assembly Assembly Assembly 6 $ 135.00 11 $ 129.00 1 $198.00 3 $ 134.00 12 $ 142.00 5 $ 136.00 7 $ 105.00 9 $ 131.00 8 $ 132.00 10 $ 119.00 4 $ 118.00 7 $ 80.00 9 $ 112.00 12 $ 116.00 11 $ 113.00 2 $ 115.00 6 $ 112.00 10 $ 114.00 1 $ 169.00 37 38 39 40 41 42 43 Pivot Table VLOOKUP Direct Materials Requisitions Direct Labor Summ 8 xvf 1.5 E F B 9 11 5 7 00 57 Loretta Hoyt 38 Loretta Hoyt 39 Madison Rodriquez 40 Madison Rodriquez 41 Marshall Toliver 42 Marshall Toliver 43 Mary Jo Hawley 44 Mary Jo Hawley 45 Mary Jo Hawley 46 Mary Jo Hawley 47 Michael Kershaw 48 Michael Kershaw 49 Rebecca Wills 50 Rebecca Wills 51 Rebecca Wills 52 Rebecca Wills 53 Rebecca Wills 54 Rebecca Wills 55 William Marks 56 William Marks 57 William Marks 58 Assembly Assembly Fabrication Fabrication Molding Molding Fabrication Fabrication Fabrication Fabrication Fabrication Fabrication Assembly Assembly Assembly Assembly Assembly Assembly Assembly Assembly Assembly 11 2 10 11 12 4 8 1 2 6 8 9 10 3 4 7 D 21.00 $ 4.00 $ 4.50 $ 3.25 $ 0.75 $ 6.00 $ 11.25 $ 8.00 $ 11.00 $ 6.00 $ 1.00 $ 4.00 $ 3.25 $ 12.75 $ 26.00 $ 3.50 $ 32.00 $ 7.00 $ 15.50 $ 1.00 $ 1.25 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 420 80 90 65 15 120 225 160 220 120 20 80 65 255 520 70 640 140 310 20 25 A B Direct Materials Applied Overhead Job Direct Labor Total Job Cost Sales 1 $ 2,400.00 2 $ 5,400.00 3 $ 9,000.00 4 $ 1,450.00 5 $ 2,200.00 6 $ 7,000.00 7 $ 1,700.00 8 $ 1,600.00 9 $ 8,000.00 10 $ 4,100.00 11 $ 3,200.00 12 $ 2,800.00 3 5 6 Ax & fx H K 1 M L G N D E B Gross Margin by Job Increase Decrease Total Gross Margin $4,500.00 $4,000.00 $3,500.00 $3,000.00 $2,500.00 $2,000.00 $1,500.00 $1,000.00 $500.00 s 4 1 12 5 7 11 10 00 2 6 9 3 Total Job Gross Margin vs. Labor Intensity 0.300 $1,000.00 $800.00 $600.00 0.250 $400.00 $200.00 ||IIII.. 0.200 S- Gross Margin 0.150 Labor Intensity 0.100 $(200.00) S(400.00) $(600.00) S(800.00) $(1,000.00) S(1,200.00) 0.050 0.000 4 1 12 5 7 11 10 00 26 93 Job Gross Margin -Labor Intensity Note: Each job's labor intensity is computed by taking the job's direct labor cost divided by its sales. . Go to the tab titled "Direct Labor Summary." a. Using PivotTable, calculate the total direct labor cost and total direct labor-hours for each of the 12 Jobs. b. What is the total direct labor cost for Jobs 3 and 10? c. What are the total direct labor-hours for Jobs 3 and 10? Ozuna Company uses a job-order costing system with a plantwide predetermined overhead rate based on direct labor- hours. 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: Job 1 2 3 Direct Labor 2 2 2 Applied Overhead 2 7 Direct Materials ? 2 2 2 ? 2 2 2 Sales $2.400 $5,400 $9,000 $1,450 $2,200 $7,000 $1,700 $1,600 $8,000 $4,100 $3,200 $2,800 5 6 7 8 9 10 11 12 ? ? 2 2 2 2 2 7 Total Job Cost 2 2 2 2 2 2 ? ? ? 2 2 Gross Margin 7 2 ? 2 2 2 2 2 2 ? 2 2 2 2 2 2 2 2 2 2 3-b. The estimated indirect materials cost in Molding is The estimated utilities cost in Fabrication is 13.c. Required: 4. Within the "Estimated MOH" 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? Answer is complete but not entirely correct. The plantwide predetermined overhead rate is $ 54.02 Required: 5. Go to the tab titled Job Profitability.": a. Using formulas that refer to your answers from requirements 1-4, ca cost for each of the 12 jobs. (Hint: Use VLOOKUP to reference values b. What is the amount of applied overhead for Jobs 4 and 9? Job 4 Job 9 The applied overhead is 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. Req 6B Req 6C What is the total cost of Jobs 3 and 12? Job 3 Job 12 The total cost is