(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 labor- hours. 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: Direct Direct Applied Total Job Sales Materials Gross Overhead Cost $2,400 $5,400 $9,000 $1,450 $2,200 $7,000 $1,700 $1,600 $8,000 $4,100 $3,200 $2,800 ? 7 ? Job 1 2 3 4 5 6 7 8 9 10 11 12 ? ? 7 2 2 Labor ? 2 2 ? 2 7 7 ? 7 2 7 2 ? 7 2 2 ? ? Margin 2 ? 7 ? 7 7 2 2 2 ? ? Click here to download 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 VLOOKUP In Excel Required: 6. Within the "Job Profitability": a. create formules that compute the total Job cost and gross margin for each of the 12 Jobs b. What is the total cost of Jobs 3 and 127 c. What is the gross margin Jobs 1 and 8? alytics Saved ? 7 8 9 10 11 12 $1,700 $1,600 $8,000 $4,100 $3,200 $2,800 2 2 2 ? ? ? ? 7 ? ? 2 ? 7 ? ? ? ? ? ? ? 7 ? 7 ? Click here to download 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 VLOOKUP in Excel Required: 6. Within the "Job Profitability": a. create formulas that compute the total job cost and gross margin for each of the 12 jobs. b. What is the total cost of Jobs 3 and 12? c. What is the gross margin Jobs 1 and 8? Complete this question by entering your answers in the tabs below. Reg 6B Req 6C What is the total cost of Jobs 3 and 12? Job 3 Job 12 The total cost is Reg 6C> 7 8 9 10 11 12 ? ? ? $1,700 $1,600 $8,000 $4,100 $3,200 $2,800 ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Click here to download the Excel template, which you will use to answer the questions that fol Click here for a brief tutorial on PivotTables in Excel. Click here for a brief tutorial on VLOOKUP in Excel. Required: 6. Within the "Job Profitability": a. create formulas that compute the total job cost and gross margin for each of the 12 jobs. b. What is the total cost of Jobs 3 and 12? c. What is the gross margin Jobs 1 and 8? Complete this question by entering your answers in the tabs below. Reg 6B Req 6C What is the gross margin Jobs 1 and 8? Job 1 Job 8 The gross margin is Reg 68 Regs 7 8 9 10 11 12 ? ? ? $1,700 $1,600 $8,000 $4,100 $3,200 $2,800 ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Click here to download the Excel template, which you will use to answer the questions that fol Click here for a brief tutorial on PivotTables in Excel. Click here for a brief tutorial on VLOOKUP in Excel. Required: 6. Within the "Job Profitability": a. create formulas that compute the total job cost and gross margin for each of the 12 jobs. b. What is the total cost of Jobs 3 and 12? c. What is the gross margin Jobs 1 and 8? Complete this question by entering your answers in the tabs below. Reg 6B Req 6C What is the gross margin Jobs 1 and 8? Job 1 Job 8 The gross margin is Reg 68 Regs
