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Stumped on these questions in the second and third picture in reference to the first. Anything helps. Thanks! Chapter 2: Applying Excel Data Markup on

Stumped on these questions in the second and third picture in reference to the first. Anything helps. Thanks! image text in transcribed
image text in transcribed
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Chapter 2: Applying Excel Data Markup on job cost 75% Department Entor a formula into each of the cells marked with a ? bolow Step 1: Calculate the estimated total manufacturing overhead cost for each department \begin{tabular}{|l|r|r|} \hline Total fixed manutacturing overhead cost & Milling & Assembly \\ \hline Variable manufacturing overhead per machine-hour or direct labor-hour & ? & ? \\ \hline Total machine-hours or direct labor-hours & ? & ? \\ \hline Total variable manufacturing overhead & ? & ? \\ \hline Total manufacturing overhead & ? & ? \\ \hline \end{tabular} Step 2: Calculate the predetermined overhead rate in each department Total manufacturing overhead Total machine-hours or direct labor-hours Predetermined overhead rate per machine-hour or direct labor-hour \begin{tabular}{|r|r|} \hline \multicolumn{1}{|c|}{ Milling } & \multicolumn{1}{c|}{ Assembly } \\ \hline? & ? \\ \hline? & ? \\ \hline? & ? \\ \hline \end{tabular} Step 3: Calculate the amount of overhead applied from both departments to Job 407 Predetermined overhead rate per machine-hour or direct labor-hour Machine-hours or direct labor-hours for the job Manufacturing overhead applied Milling Assembly Step 4: Calculate the total job cost for Job 407 Direct materials Direct labor cost Manufacturing overhead applied Total cost of Job 407 \begin{tabular}{|l|l|} \hline? & ? \\ \hline? & ? \\ \hline? & ? \end{tabular} Step 5: Calculate the selling price for Job 407 Total cost of Job 407 Markup Selling price of Job 407 . 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 ? (Round your final answer to 2 decimal places.) 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 machinehours in the Assembly Department increases from 3,000 machine-hours to 5,000 machine-hours? (Round your final answer to 2 decimal places.) 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? (Round your final answer to 2 decimal places.)

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