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 B25 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. Check your worksheet by changing the total fixed manufacturing overhead cost for the Milling Department in the Data area to $300,000, keeping all other data the same as in the original example. If your worksheet is operating properly, the total 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 You should proceed to the requirements below only after completing your worksheet Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse." Next, click "Save." You will use this worksheet to answer the questions in Part 2 Chapter 2: Applying Excel Data Markup on job cost 75% Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Milling Assembly 60,000 3,000 8,000 80,000 $390,000 $500,000 $2.00 $3.75 Cost summary for Job 407 5 Machine-hours 7 Direct labor-hours 8 Direct materials 9 Direct labor cost Department Milling Assembly 90 4 5 20 $800 $370 $70 $280 2. Change the total fixed manufacturing overhead cost for the Milling 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: B 1 Chapter 2: Applying Excel 2 3 Cost summary for Job 408 Department 4 Milling Assembly 5 Machine-hours 60 4 6 Direct labor-hours 7 20 7 Direct materials cost $ 5505 270 360 8 Direct labor cost $ 126 $ 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.) Beling 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 6,000 machine-hours? (Round your final answer to 2 decimal places.) Selling price 400 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.) Seing price for Job 400
