Required Information Chapter 2: Applying Excel Step 1: Download the Applying Excel form located on the left-hand side, under files. If you have trouble, the file is also located in D2L under Course Administration. Step 2: Then enter formulas in all cells that contain question marks. For example, In cell B25 enter the formula *=B10". Step 3: 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. Step 4: Proceed to the requirements below only after completing your worksheet as it will be used to answer the following questions. Chapter 2: Applying Excel: Exercise 1. 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 C 1 Chapter 2: Applying Excel 2 3 Cost summary for Job 408 Department 4 Milling Assembly 5 Machine-hours 6 Direct labor-hours 60 7 2 20 Direct materials cost S 550 $ 250 7 Direct labor cost S 119 S 320 8 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.) * Answer is complete but not entirely correct. Selling price for Job 408 $ 4,112.50 2. 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