Step 2: Calculate the predetermined overhead rate in each department Step 3: Calculate the amount of overhead applied from both departments to Job 407 This Excel worksheet relates to the Dickson Company example summarized in Exhibit 2.5 Chapter 2: Applying Excel: Exercise (Part 2 of 2) 2. Change the total fixed manufacturing overhead cost for the Miling 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: In your worksheet, enter this new data in the cells for Job 407 . What is the new selling price for Job 408 ? 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 5,000 machine-hours? 4. Restore the total number of machine-hours 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 50,000 direct labor-hours? Complete this question by entering your answers in the tabs below. What is the new selling price for job 408 ? Note: Round your finat answer to 2 decimal places: Complete this question by entering your answers in the tabs below. Restore the total number of machine-hours 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? Note: Round your final answer to 2 decimal places. Chapter 2: Applying Excel: Excel Worksheet (Part 1 of 2) Download the Applying Excel form and enter formulas in all cells that contain question marks. The Chapter 2 Form worksheet is to be used to create your own worksheet version of the example in the text. Enter formulas in the cells that contain question marks. For example, in cell 825 enter the formula " =810 : After entering formulas in all of the cells that contained question marks, verify that the amounts match the example in the text You should proceed to the requirements below only after completing your worksheet Required: 1. Check your worksheet by changing the total fored manufacturing overhead cost for the Milling Department in the Data area to 5300,000 . keeping all other data the same as in the oniginal example. If your worksheet is operating propeily, the fotal 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. Save your completed Applying Excelform to your computer and then upload it here by clicking "Browse:" Next, click "Save," You will use this worksheet to onswer the questions in Part 2. Complete this question by entering your answers in the tabs below. 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? Note: Round your final answer to 2 decimal places. Step 1: Calculote the estimated total manufacturing overhead cost for each department
