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:

Required:

5.Go to the tab titled "Job Profitability.": ***attached picture below***

a.Using formulas that refer to your answers from requirements 1-4, calculate the direct materials, direct labor, and applied overhead cost for each of the 12 jobs.

b.What is the amount of applied overhead for Jobs 4 and 9?

Required:

6.Within the "Job Profitability" ***attached picture below***

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?

Job Profitability Sales Direct Materials Direct Labor Total lob Cost Gross Margin 2,400.00 5,400.00 9,000.00 1,450.00 2, 200.00 7,000.00 1,700.00 1, 600.00 EDOONONUIDOJNH 3,000.00 H O 4, 100.00 H H 3,200.00 H N mmmmmmmmmmmm 2,800.00 Sheet Name Job Profitability Background Duplicate Sheet Delete Sheet lit Insert Table Organize Format Arrange View Share Window Help Q Sun Sep 12 12:59 PM ExcelAnalytics_JobOrderCosting_PlantwidePredeterminedOverheadRates_Template 100% A A View Zoom Add Category Insert Table Chart Text Shape Media Comment Collaborate Format Organ + ble VLOOKUP Direct Materials Requisitions Direct Labor Summary Estimated MOH Job Profitability Waterfall Chart Combo CH 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 Ozuna Company uses ajoborder costing system with a plantwide predetermined overhead rate based on direct labor hours. Forjob costing purposes, it uses an average direct labor wage rate of $20 per hour. The company has been struggling nancially; accordingly, it has asked you to conduct a job protability 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 12jobs from the manyjobs completed by the company during the year. Your goal is to complete the table shown below and comment on the insights that it provides: Direct Direct Applied Total. Job Gross Job Sales Materials Labor Overhead Cost Margin 1 $2.400 ? ? ? 7 ? 2 $5,400 7 7 7 7 ? 3 $9,000 .7 '.I 7 7 ? 4 $1,450 ? ? ? ? ? 5 $2, 200 ? ? 7 7 ? 6 $7,000 .7 \".1 7 7 ? 7 $1,700 ? 7 7 ? ? 8 $1,600 .7 ? 7 7 ? 9 $8,000 ? ? ? '9 ? 10 $4. 100 7 7 7 7 7 11 $3, 200 ? ? 7 7 ? 12 $2.800 ? ? ? 'P ? 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. Click here for a brief tutorial on VLOOKUP in Excel. Required: 5. Go to the tab titled \"Job Protability\": 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 requirements1 and 2.) b. What is the amount of applied overhead for Jobs 4 and 9? The applied overhead is __