This excel worksheet relates to the Dickson Company example that is summarized in Exhibit 2-5. The last picture is the Exhibit 2-5.
1 Chapter 2: Applying Excel Data Markup on job cost 3 4 75% 7 8 Machine-hours 9 Direct labor-hours 10 Total fixed manufacturing overhead cost 11 Variable manufacturing overhead per machine-hour 12 Variable manufacturing overhead per direct labor-hour 13 14 Cost summary for Job 407 Milling Assembly 3,000 80,000 390,000 $500,000 60,000 8,000 $2.00 3.75 Milling Assembly 90 17 Direct labor-hours 18 Direct materials 19 Direct labor cost $800 $70 20 $370 $280 21 Enter a formula into each of the cells marked with a ? below 23 Step 1: Calculate the estimated total manufacturing overhead cost for each department Miling Assembly 25 Total fixed manufacturing overhead cost 26 Variable manufacturing overhead per machine-hour or direct labor-hour 27 Total machine-hours or direct labor-hours 28 Total variable manufacturing overhead 29 Total manufacturing overhead 30 31 Step 2: Calculate the predetermined overhead rate in each department Milling Assembly 33 Total manufacturing overhead 34 Total machine-hours or direct labor-hours 35 Predetermined overhead rate per machine-hour or direct labor-hour 36 37 Step 3: Calculate the amount of overhead applied from both departments to Job 407 Milling Assembly 39 Predetermined overhead rate per machine-hour or direct labor-hour 40 Machine-hours or direct labor-hours for the job 41 Manufacturing overhead applied 43 Step 4: Calculate the total job cost for Job 407 Milling Assembly Total 45 Direct materials 46 Direct labor cost 47 Manufacturing overhead applied 48 Total cost of Job 407 so Step 5: Calculate the selling price for Job 407 51 Total cost of Job 407 52 Markup 53 Selling price of Job 407 1 Chapter 2: Applying Excel Data Markup on job cost 3 4 75% 7 8 Machine-hours 9 Direct labor-hours 10 Total fixed manufacturing overhead cost 11 Variable manufacturing overhead per machine-hour 12 Variable manufacturing overhead per direct labor-hour 13 14 Cost summary for Job 407 Milling Assembly 3,000 80,000 390,000 $500,000 60,000 8,000 $2.00 3.75 Milling Assembly 90 17 Direct labor-hours 18 Direct materials 19 Direct labor cost $800 $70 20 $370 $280 21 Enter a formula into each of the cells marked with a ? below 23 Step 1: Calculate the estimated total manufacturing overhead cost for each department Miling Assembly 25 Total fixed manufacturing overhead cost 26 Variable manufacturing overhead per machine-hour or direct labor-hour 27 Total machine-hours or direct labor-hours 28 Total variable manufacturing overhead 29 Total manufacturing overhead 30 31 Step 2: Calculate the predetermined overhead rate in each department Milling Assembly 33 Total manufacturing overhead 34 Total machine-hours or direct labor-hours 35 Predetermined overhead rate per machine-hour or direct labor-hour 36 37 Step 3: Calculate the amount of overhead applied from both departments to Job 407 Milling Assembly 39 Predetermined overhead rate per machine-hour or direct labor-hour 40 Machine-hours or direct labor-hours for the job 41 Manufacturing overhead applied 43 Step 4: Calculate the total job cost for Job 407 Milling Assembly Total 45 Direct materials 46 Direct labor cost 47 Manufacturing overhead applied 48 Total cost of Job 407 so Step 5: Calculate the selling price for Job 407 51 Total cost of Job 407 52 Markup 53 Selling price of Job 407
