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 profitobility 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: Gick here to download the Excel templote, which you will use to answer the auestions that follow Click here for a brief tutorial on Pivotrobles in Excel. Click here for obrief tuterial on VLOOKUP in Excel. Required: 4. Within the "Estimated MOH tob, a. Create a formula in cell E4O that calculates a plantwide predetermined overhead rate this year. b. What is the plantwide predetermined overhead rate for this year? 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 downioad the Excel template, which you will use to answer the questions that follow. Click here for a brief tutorial on PivorTables in Excel Click here for a brlef tutorlal on VLOOKUP in Excel, Required: 5. Go to the tab titled "Job Profitability": a. Using formulas that refer to your answers from requirements 1-4, caiculate the direct materials, direct labor, and applied ovechsad 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 ? Required: 6. Within the "Job Profitablity" 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? 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. What is the gross margin Jobs 1 and 8 ? Required: 7. Go to the tab titled "Waterfall Chart" and answer the following questions. a. According to the chart, which jobs have the highest and lowest gross margins? Required: 8. Go to the tab atted "Combo Chor" and answer the following questions. a. According to the chart, which jobs have the lowest and highest labor intensity percentages? b. According to the chart which of the following satements are true regarding the company's existing cost syssem lyou may soiect more than one correct answer)? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to emply the box for a wrong answec, Any boxes left with a question mark will be automatically groded as incorrect.) The 12 joes arpkied in the combo chart swgest that prost matgin and biber intensily percentage tend to move in tandem because they be correlated whan anothet. The esseng cost vptem is moutikiy undercosing fabor intensve broduch 2 The easting cost snaem ia most iaeiy evercosting iabor inemve products