Please assist me with questions 2-4
Selling price for job 408
Required information This Excel Worksheet relates to the Dickson Company example that is summarized in Exhibit 2-5 2. Change the total fixed manufacturing overhead cost for the Milling Department in Data area back to $390,000, keeping all of the other data the same as in the original example. Consider a new job, Job 408, with the following characteristics: A B 1 Chapter 2: Applying Excel 2 3 Cost summary for Job 408 4 Department Milling Assembly 80 4 8 40 5 6 Machine-hours Direct labor-hours Direct materials cost Direct labor cost 7 $ 880 $ 490 8 $ 136 $ 720 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 3,202.50 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 4,000 machine-hours? (Round your final answer to 2 decimal places.) Selling price for Job 408 $ 3,202.50 4. Restore the total number of machine-heurs 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 Chapter 2: Applying Excel 3 Data Markup on job cost 75% Miling Machine-hours Direct labor-hours Total fixed manufacturing overhead cost 1 Variable manufacturing overhead per machine-hour 2 Variable manufacturing overhead per direct labor-hour Department Assembly 60,000 3,000 8,000 80,000 $390,000 $500,000 $2.00 $3.75 3 Cost summary for Job 407 Milling Machine-hours Direct labor-hours Direct materials Direct labor cost Department Assembly 90 5 20 $800 $370 $70 $280 Enter a formula into each of the cells marked with a ? below Step 1: Calculate the estimated total manufacturing overhead cost for each department Milling Total fixed manufacturing overhead cost b10 Variable manufacturing overhead per machine hour or direct labor hour b11 Total machine-hours or direct labor-hours b8 Total vanable manufacturing overhead b26b27 Total manufacturing overhead b25+628 Assembly c10 c12 c9 c26c27 1025028 Step 2: Calculate the predetermined overhead rate in each department Milling Assembly c29 Total manufacturing overhead 529 A Entor a formula Into Dach of the colls marked with a 7 below Forma Assembly c10 c12 ce c26c27 c25+28 3 Step 1: Calculate the estimated total manufacturing overhead cost for each department Total fixed manufacturing overhead cost Miling Variable manufacturing overhead per machine-hour or direct labor hour b10 Total machine-hours or direct labor-hours b11 Total vanable manufacturing overhead b8 Total manufacturing overhead b26'627 b25+628 Step 2: Calculate the predetermined overhead rate in each department Total manufacturing overhead Miling b29 Total machine-hours or direct labor-hours b8 Predetermined overhead rate per machine-hour or direct labor-hour b33/b34 Step 3: Calculate the amount of overhead applied from both departments to Job 407 Milling Predetermined overhead rate per machine-hour or direct labor-hour b35 Machine-hours or direct labor hours for the job b16 Manufacturing overhead applied b39 Assembly 29 c33/34 Assembly c35 c17 c39 040 Step 1: Calculate the total Job cost for Job 407 Direct materials Direct labor cost Manufacturing overhead applied Total cost of Job 407 Milling b18 b19 b39 Assembly 018 019 039 040 Total sum(b45,045) sum(b46.046) sum(b47.047) sum d45:047) Step 5: Calculate the selling price for Job 407 Total cost of Job 407 Markup Selling price of Job 407 048 d5154 sum(d51.052)
