Step 1: Calculate the estimated total manufacturing overhead cost for each department. Milling Department Overhead Cost (Y)= $390,000+ ($2.00 per MH x 60,000 MHs) $390,000+ $120,000 = $510,000 Assembly Department Overhead Cost (Y) = $500,000+ ($3.75 per DLH 80,000 DLHs) = $500,000+ $300,000 = $800,000 Step 2: Calculate the predetermined overhead rate in each department. Milling Department Overhead Rate = $510,000/60,000 machine-hours $8.50 per machine-hour Assembly Department Overhead Rate = $800,000/80,000 direct labor-hours = $10.00 per direct labor-hour Step 3: Calculate the amount of overhead applied from both departments to Job 407. Milling Department: Overhead Applied to Job 407 = $8.50 per MH 90 MHs = $765 Assembly Department: Overhead Applied to Job 407 $10.00 per DLH 20 DLHS = $200 Step 4: Calculate the total job cost for Job 407. Ope C36 Format Painter Clipboard Edit fx A Hist 1 Chapter 2: Applying Excel 2 3 Data 4 Markup on job cost 5 6 7 Font 8 Machine-hours 9 Direct labor-hours 10 Total fixed manufacturing overhead cost 11 Variable manufacturing overhead per machine-hour 12 Variable manufacturing overhead per direct labor-hour 13 14 Cost summary for Job 407 15 16 Machine-hours 17 Direct labor-hours 18 Direct materials 19 Direct labor cost Alignment B C D E 75% Department Milling Assembly 60,000 8,000 $390,000 3,000 80,000 $500,000 $2.00 $3.75 Department Milling Assembly 90 4 5 $800 20 $370 $70 $280 20 21 Enter a formula into each of the cells marked with a ? below 22 23 Step 1: Calculate the estimated total manufacturing overhead cost for each department 24 Milling Assembly 25 Total fixed manufacturing overhead cost Milling Direct materials $ 800 Direct labor $ 70 Assembly $ 370 $ 280 Total 26 Variable manufacturing overhead per machine-hour or direct labor-hour $390,000 $2.00 $500,000 $3.75 $ 1,170 27 Total machine-hours or direct labor-hours 90 4 350 28 Total variable manufacturing overhead ? ? Manufacturing overhead applied $ 765 $ 200 965 29 Total manufacturing overhead $510,000 $800,000 30 Total cost of Job 407 Step 5: Calculate the selling price for Job 407.. $ 2,485 31 Step 2: Calculate the predetermined overhead rate in each department 32 Milling Assembly 33 Total manufacturing overhead ? ? 34 Total machine-hours or direct labor-hours ? ? Total cost of Job 407 $ 2,485.00 Markup ($2,485 x 75%) 1.863.75 Selling price of Job 407 $ 4.348.75 35 Predetermined overhead rate per machine-hour or direct labor-hour $8.50 $10.00 36 37 Step 3: Calculate the amount of overhead applied from both departments to Job 407 38 Milling Assembly 39 Predetermined overhead rate per machine-hour or direct labor-hour 2 ? 40 Machine-hours or direct labor-hours for the job ? ? 41 Manufacturing overhead applied ? ? 42 43 Step 4: Calculate the total job cost for Job 407 44 45 Direct materials 46 Direct labor cost 47 Manufacturing overhead applied 48 Total cost of Job 407 49 50 Step 5: Calculate the selling price for Job 407 51 Total cost of Job 407 52 Markup 53 Selling price of Job 407 54 55 Milling Assembly Total ? ? ? ? ? ? ? ? ? ? 2 ? ? Numbe