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Paste Format Merge & Co noose Check for Updates Office Update To keep up-to-date with security updates, fixes, and improvemen D52 xfx 8 C 0 75% Department Mling 60,000 8,000 $300,000 $2.00 Assembly 3,000 80,000 $500,000 $3.75 Department Mling 90 5 $800 $70 Assembly 4 20 $370 $280 1 Data 2 Markup on job cost 2 4 5 6. Machine-hours 7 Direct labor hours 8 Total fored manufacturing overhead cost 9 Variable manufacturing overhead per machine-hour 10 Variable manufacturing overhead per direct inbor hour 11 12 Cost summary for Job 407 13 24 Machine-hour 15 Direct labor hours 16 Direct materials 17 Direct labor cost 18 19 Enter a formata into each of the cells marked with a below 20 21 Step 1: Calculate the estimated total manufacturing over head coat for each department 22 21 Total fixed facturing overhead cost 24 Variable manufacturing overhead per machine-hour or direct tabar-hour 25 Total machine hours or direct labor-hours 26 Total verable manufacturing overhead 27. Total manufacturing overhead 28 29 Step 2: Calculate the predetermined overhead rate in each department 30 31 Total manufacturing overhead 32 Toto mchines or direct labor hours 33 Predetermined overdrato per machine hour or direct labor-hour 34 35 Step 3: Calculate the amount of overhead applied from both departments to Job 407 37 Predetermined overhead rate per machine hour or direct labor. hour Be Machine hours or direct inbor hours for the job 29 Maracturing overhead applied 40 41 Step 4: Calculate the total job cost for Job 407 42 43 Director 14 Direct labor cool 45 Manufacturing overhead applied 46 Total cost of Job 407 47 As Step S: Calculate the selling price for Job 407 49 Total cost of Job 407 50 Markup 51 Selling price of Job 407 Miling $300,000 52.00 60,000 $120.000 34201000 Assembly $500,000 $3.75 80,000 $300,000 3800,000 Msing $420,000 60.000 $7.00 Assembly $800,000 30 000 $10:00 Miling Assembly 57.00 $800,000.00 90 20 5830.00 $200.00 Mind $200,00 $70.00 $630.00 Assembly $70.00 $280.00 $200.00 Total $5.170.00 $350.00 3830.00 260.00 2.350.00 0.75 4.112.50 Chapter 2 Form + Ready w Chapter 2: Applying Excel: Exercise (Part 2 of 2) 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: A Chapter 2: Applying Excel B 1 2 3 Cost summary for Job 408 4 5 6 7 B Machine-hours Direct labor hours Direct materials cost Direct labor cost Department Miling Assembly 60 3 8 20 570 $ 430 152 $ 340 $ $ In your worksheet, enter this new data in the cells for Job 40%. What is the new selling price for Job 408? (Round your final answer to 2 decimal places.) Senting price for Jobs 400 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 for Job 408 $ 3,902.50 4. Restore the total number of machine-hours in the Assembly Department to 3,000 machine-hours. And keep the job dota the same as it was in Requirement 2. What is the selling price for Job 408 if the total number of direct lobor-hours in the Assembly Department decreases from 80,000 direct labor hours to 40,000 direct lobor-hours? (Round your final answer to 2 decimal places) Selling price for Job 408