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2 Required information Part 2 of 2 Chapter 2: Applying Excel This Excel worksheet relates to the Dickson Company example that is summarized in Exhibit 2-5 30 points 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 eBook A B C Print Chapter 2: Applying Excel 2 References 3 Cost summary for Job 408 Department Milling Assembly 60 Machine-hours 4 Direct labor-hours 9 20 Direct materials cost $ 290 630 Direct labor cost $ $ 8 162 380 Required information 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.) Selling price for Job 408 4,446.75 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.) $ 4,095.00 Selling price for Job 408 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.) Selling price for Job 408 A B C D F F G Department Milling 6 7 Assembly Machine-hours 60,000 8,000 $390,000 $2.00 3,000 80,000 $500,000 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 15 16 Machine-hours 17 Direct labor-hours $3.75 Department Milling Assembly 90 4. 20 5 $800 $70 $370 18 Direct materials 19 Direct labor cost $280 20 21 Enter a formula into each of the cells marked with a? below 22 23 Step 1: Calculate the estimated total manufacturing overhead cost for each department 24 Milling $390,000 $2.00 60,000 $12,000 $510,000 Assembly 25 Total fixed manufacturing overhead cost 26 Variable manufacturing overhead per machine-hour or direct labor-hour $500,000 $3,75 27 Total mach ine-hours or direct labor-hours 80,000 $30.000 28 Total variable manufacturing overhead 29 Total manufacturing overhead 30 $800,000 31 Step 2: Calculate the predetermined overhead rate in each department 32 33 Total manufacturing overhead Milling $510,000 60.000 $8.50 Assembly $800,000 34 Total mach ine-hours or direct labor-hours 80,000 $10.00 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 $8.50 38 Assembly $10.00 39 Predetermined overhead rate per machine-hour or direct labor-hour 40 Machine-hours or direct labor-hours for the job 41 Manufactu ring overhead applied 42 90 20 $765.00 $200.00 43 Step 4: Calculate the total job cost for Job 407 44 45 Direct materials Milling $800.00 Assembly $370.00 $280.00 $200.00 Total $1,170.00 $350.00 $965.00 $70,00 46 Direct labor cost 47 Manufacturing overhead applied $765.00 Total cost of Job 407 $2,485,00 48