Required information [The following information applies to the questions displayed below.] Ozuna Company uses a job-order costing system with a plantwide predetermined overhead rate based on direct laborhours. 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: 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: 1. Go to the tab titled "Direct Materials Requisitions.": a. Using PivotTable, calculate the total direct materials cost for each of the 12 jobs. b. What is the total direct materials cost for Jobs 5 and 11 ? 2. 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 ? Complete this question by entering your answers in the tabs below. What is the total direct labor cost for Jobs 3 and 10 ? Required: 3. Go to the tab titled "Estimated MOH.": a. For each of the seven varlable manufacturing overhead expenses (highlighted In yellow), create a formula that calculates the estimated amount of the expense for thls year. (HInt: Use last year's actual amount of each expense and the actual total labor hours [cell B39] as the basis for this year's estimates.) 3b. and 3c. What is the estimated Indirect materlals cost in the Molding Department (cell E17) and the estimated utilities cost in the Fabrication Department (cell E21)? 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? Requlred: 5. Go to the tab tltled "Job Profitability.: a. Using formulas that refer to your answers from requirements 1-4, calculate the direct materlals, direct labor, and applied overhead cost for each of the 12 jobs. (Hint: Use VLOOKUP to reference values from the plvot tables you created In requirements 1 and 2 .) b. What is the amount of applied overhead for Jobs 4 and 9 ? Requlred: 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. What is the total cost of Jobs 3 and 12? Complete this question by entering your answers in the tabs below. What is the gross margin Jobs 1 and 8 ? \begin{tabular}{c|l|l|l|l|l|} \hline & \multicolumn{1}{c}{ A } & \multicolumn{1}{c|}{ C } & \multicolumn{2}{c|}{ D } \\ \hline 1 & Requisition # & Department & Job & & Cost \\ \hline 2 & MR1 & Molding & 1 & $ & 175.00 \\ \hline 3 & MR2 & Molding & 3 & $ & 188.00 \\ \hline 4 & MR3 & Molding & 8 & $ & 155.00 \\ \hline 5 & MR4 & Molding & 2 & $ & 305.00 \\ \hline 6 & MR5 & Molding & 11 & $ & 160.00 \\ \hline 7 & MR6 & Molding & 4 & $ & 168.00 \\ \hline 8 & MR7 & Molding & 5 & $ & 170.00 \\ \hline 9 & MR8 & Molding & 12 & $ & 210.00 \\ \hline 10 & MR9 & Molding & 10 & $ & 148.00 \\ \hline 11 & MR10 & Molding & 9 & $ & 192.00 \\ \hline 12 & MR11 & Molding & 6 & $ & 185.00 \\ \hline 13 & MR12 & Molding & 7 & $ & 144.00 \\ \hline 14 & MR13 & Fabrication & 2 & $ & 140.00 \\ \hline 15 & MR14 & Fabrication & 4 & $ & 138.00 \\ \hline 16 & MR15 & Fabrication & 6 & $ & 135.00 \\ \hline 17 & MR16 & Fabrication & 11 & $ & 129.00 \\ \hline 18 & MR17 & Fabrication & 1 & $ & 198.00 \\ \hline 19 & MR18 & Fabrication & 3 & $ & 134.00 \\ \hline 20 & MR19 & Fabrication & 12 & $ & 142.00 \\ \hline 21 & MR20 & Fabrication & 5 & $ & 136.00 \\ \hline 22 & MR21 & Fabrication & 7 & $ & 105.00 \\ \hline 23 & MR22 & Fabrication & 9 & $ & 131.00 \\ \hline 24 & MR23 & Fabrication & 8 & $ & 132.00 \\ \hline 25 & MR24 & Fabrication & 10 & $ & 119.00 \\ \hline 26 & MR25 & Assembly & 4 & $ & 118.00 \\ \hline 27 & MR26 & Assembly & 7 & $ & 80.00 \\ \hline 28 & MR27 & Assembly & 9 & $ & 112.00 \\ \hline 29 & MR28 & Assembly & 12 & $ & 116.00 \\ \hline 30 & MR29 & Assembly & 11 & $ & 113.00 \\ \hline 31 & MR30 & Assembly & 2 & $ & 115.00 \\ \hline 32 & MR31 & Assembly & 6 & $ & 112.00 \\ \hline 33 & MR32 & Assembly & 10 & $ & 114.00 \\ \hline 31 & MR33 & Assembly & 1 & $ & 169.00 \\ \hline \end{tabular} Gross Margin by Job Gross Margin vs. Labor Intensitv Required information [The following information applies to the questions displayed below.] Ozuna Company uses a job-order costing system with a plantwide predetermined overhead rate based on direct laborhours. 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: 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: 1. Go to the tab titled "Direct Materials Requisitions.": a. Using PivotTable, calculate the total direct materials cost for each of the 12 jobs. b. What is the total direct materials cost for Jobs 5 and 11 ? 2. 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 ? Complete this question by entering your answers in the tabs below. What is the total direct labor cost for Jobs 3 and 10 ? Required: 3. Go to the tab titled "Estimated MOH.": a. For each of the seven varlable manufacturing overhead expenses (highlighted In yellow), create a formula that calculates the estimated amount of the expense for thls year. (HInt: Use last year's actual amount of each expense and the actual total labor hours [cell B39] as the basis for this year's estimates.) 3b. and 3c. What is the estimated Indirect materlals cost in the Molding Department (cell E17) and the estimated utilities cost in the Fabrication Department (cell E21)? 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? Requlred: 5. Go to the tab tltled "Job Profitability.: a. Using formulas that refer to your answers from requirements 1-4, calculate the direct materlals, direct labor, and applied overhead cost for each of the 12 jobs. (Hint: Use VLOOKUP to reference values from the plvot tables you created In requirements 1 and 2 .) b. What is the amount of applied overhead for Jobs 4 and 9 ? Requlred: 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. What is the total cost of Jobs 3 and 12? Complete this question by entering your answers in the tabs below. What is the gross margin Jobs 1 and 8 ? \begin{tabular}{c|l|l|l|l|l|} \hline & \multicolumn{1}{c}{ A } & \multicolumn{1}{c|}{ C } & \multicolumn{2}{c|}{ D } \\ \hline 1 & Requisition # & Department & Job & & Cost \\ \hline 2 & MR1 & Molding & 1 & $ & 175.00 \\ \hline 3 & MR2 & Molding & 3 & $ & 188.00 \\ \hline 4 & MR3 & Molding & 8 & $ & 155.00 \\ \hline 5 & MR4 & Molding & 2 & $ & 305.00 \\ \hline 6 & MR5 & Molding & 11 & $ & 160.00 \\ \hline 7 & MR6 & Molding & 4 & $ & 168.00 \\ \hline 8 & MR7 & Molding & 5 & $ & 170.00 \\ \hline 9 & MR8 & Molding & 12 & $ & 210.00 \\ \hline 10 & MR9 & Molding & 10 & $ & 148.00 \\ \hline 11 & MR10 & Molding & 9 & $ & 192.00 \\ \hline 12 & MR11 & Molding & 6 & $ & 185.00 \\ \hline 13 & MR12 & Molding & 7 & $ & 144.00 \\ \hline 14 & MR13 & Fabrication & 2 & $ & 140.00 \\ \hline 15 & MR14 & Fabrication & 4 & $ & 138.00 \\ \hline 16 & MR15 & Fabrication & 6 & $ & 135.00 \\ \hline 17 & MR16 & Fabrication & 11 & $ & 129.00 \\ \hline 18 & MR17 & Fabrication & 1 & $ & 198.00 \\ \hline 19 & MR18 & Fabrication & 3 & $ & 134.00 \\ \hline 20 & MR19 & Fabrication & 12 & $ & 142.00 \\ \hline 21 & MR20 & Fabrication & 5 & $ & 136.00 \\ \hline 22 & MR21 & Fabrication & 7 & $ & 105.00 \\ \hline 23 & MR22 & Fabrication & 9 & $ & 131.00 \\ \hline 24 & MR23 & Fabrication & 8 & $ & 132.00 \\ \hline 25 & MR24 & Fabrication & 10 & $ & 119.00 \\ \hline 26 & MR25 & Assembly & 4 & $ & 118.00 \\ \hline 27 & MR26 & Assembly & 7 & $ & 80.00 \\ \hline 28 & MR27 & Assembly & 9 & $ & 112.00 \\ \hline 29 & MR28 & Assembly & 12 & $ & 116.00 \\ \hline 30 & MR29 & Assembly & 11 & $ & 113.00 \\ \hline 31 & MR30 & Assembly & 2 & $ & 115.00 \\ \hline 32 & MR31 & Assembly & 6 & $ & 112.00 \\ \hline 33 & MR32 & Assembly & 10 & $ & 114.00 \\ \hline 31 & MR33 & Assembly & 1 & $ & 169.00 \\ \hline \end{tabular} Gross Margin by Job Gross Margin vs. Labor Intensitv