very confused please help!!
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: B A Chapter 2: Applying Excel 1 2 3 4 Cost summary for Job 408 5 6 Machine-hours Direct labor-hours Direct materials cost Direct labor cost Department Milling Assembly 80 2 6 40 810 $ 280 108 S 7 S $ 8 720 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 $ 3,150.00 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: B A Chapter 2: Applying Excel 1 2 3 4 Cost summary for Job 408 5 6 Machine-hours Direct labor-hours Direct materials cost Direct labor cost Department Milling Assembly 80 2 6 40 810 $ 280 108 S 7 S $ 8 720 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 $ 3,150.00 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 5,000 machine-hours? (Round your final answer to 2 decimal places.) 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 40,000 direct labor-hours? (Round your final answer to 2 decimal places.) Selling price for Job 408 D E F G 1 Chapter 2: Applying Excel 2 3 Data 75% 4 Markup on job cost S Department 6 Milling Assembly 7 8 Machine-hours 60,000 3,000 8,000 9 Direct labor-hours 80,000 $300,000 $500,000 10 Total fixed manufacturing overhead cost $2.00 11 Variable manufacturing overhead per machine-hour $3.75 12 Variable manufacturing overhead per direct labor hour 13 14 Cost summary for Job 407 Department 15 Miling Assembly 16 Machine-hours 90 4 17 Direct labor-hours 5 20 18 Direct materials $800 $370 19 Direct labor cast $70 $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 Miling Assembly 25 Total fixed manufacturing overhead cost $300,000 $500,000 26 Variable manufacturing overhead per machine hour or direct labor hour $2.00 $3.75 27 Total machine hours or direct labor-hours 60,000 80,000 28 Total variable manufacturing overhead $120.000 $300,000 29 Total manufacturing overhead $420,000 $800,000 30 31 Step 2: Calculate the predetermined overhead rate in each department 32 Miling Assembly 33 Total manufacturing overhead $420,000 $800,000 34 Total machine hours or direct labor hours 60,000 80,000 35 Predetermined overhead rate per machine hour or direct labor hour $7.00 $10.00 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 $7.00 $10.00 40 Machine hours or direct labor-hours for the job 90 20 41 Manufacturing overhead applied $630.00 $200.00 42 43 Step 4: Calculate the total job cost for Job 407 44 Milling Assembly 45 Direct materials $800.00 $370.00 46 Drect labor cost $7000 $280.00 47 Manufacturing overhead applied $630.00 $200 00 48 Total cost of Job 407 49 SO Step 8. Calculate the selling price for Job 407 51 Total cost of Job 407 52 Markup 53 Selling price of Job 407 54 59 56 57 5B Total $1,170.00 $350.00 $830 00 $2,350.00 2,350 00 1762 50 4.112.50
