the chart is to be used for answer
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 PivotTables in Excel. Click here for a brief tutorial on VLOQKUP in Excel. 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 beiow and comment on the insights that it provides: Cllck here to download the Excel tamplate which you will use to answar the questions that follow. Click here for a brief tutorial on Pivortables in Excel. Click bere for a brief tutorial on VLOOKUP in Excel. Required: 8. Go to the tab titled "Combo Chart" 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 statements ore true regarding the company's existing cost system you may select 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 empty the box for a wrong answer. Any. boxes left with a question mark will be automatically graded as incorrect.) The 12 jobs depicted in the combo chat suggest that gross margin and iabor intensty percentage tend to have an inverse relationship. The 12 jobs depicted in the combo chant suggest that gross margin and labor intensity percentage tend to move in tandem becaure they are correlated with one another. The existing cost system is most likely undercosting tabor intensive products. The existing cost system is most likely evercosting iobor intensive products Gross Margin Labor Intensity Note: Each job's labor intensity is computed by taking the job's direct labor cost divided by its sales
