Use the information below to answer the questions in the picture attachment.

Questions below, use the above reference to Solve

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:

In your worksheet, enter this new data in the cells for Job 407.

What is the new selling price for Job 408?

Note: Round your final answer to 2 decimal places.

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 4,000 machine-hours?

Note: Round your final answer to 2 decimal places.

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 40,000 direct labor-hours?

Note: Round your final answer to 2 decimal places.

Step 1: Calculate the estimated total manufacturing overhead cost for each department. Milling Department Overhead Cost (Y)=$390,000+($2.00 per MH M60,000MHs) =$390,000+$120,000 =$510,000 Assembly Department Overhead Cost (Y)=$500,000+($3.75 per DLH 80,000DLHs) =$500,000+$300,000 =$800,000 Step 2: Calculate the predetermined overhead rate in each department. Milling Department Overhead Rate =$510,000/60,000 machine-hours =$8.50 per machine-hour Assembly Department Overhead Rate =$800,000/80,000 direct labor-hours =$10.00 per direct labor-hour Step 3: Calculate the amount of overhead applied from both departments to Job 407. Milling Department: Overhead Applied to Job 407 =$8.50 per MH90MHs =$765 Assembly Department: Overhead Applied to Job 407 =$10.00 per DLH 20 DLHs =$200 Step 4: Calculate the total job cost for Job 407. Step 5: Calculate the selling price for Job 407