What is the new selling price for Job 408? (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? (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 50,000 direct labor-hours? (Round your final answer to 2 decimal places.)

Data Markup on job cost 75% Machine-hours Direct labor-hours Total fixed manufacturing over head cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Milling Assembly 60,000 3,000 8,000 80,000 $390,000 $500,000 $2.00 $3.75 Cost summary for Job 407 Machine-hours Direct labor-hours Direct materials Direct labor cost Department Milling Assembly 90 4 5 20 $800 $370 $70 $280 Enter a formula into each of the cells marked with a ? below Assembly Step 1: Calculate the estimated total manufacturing overhead cost for each department Milling Total fixed manufacturing over head cost ? Variable manufacturing overhead per machine-hour or direct labor-hour ? Total machine-hours or direct labor-hours ? Total variable manufacturing overhead ? ? Total manufacturing overhead ? ? ? ? ? Step 2: Calculate the predetermined overhead rate in each department Milling Assembly Total manufacturing overhead Total machine-hours or direct labor-hours Predetermined overhead rate per machine-hour or direct labor-hour ? ? 2 ? ? ? Assembly Step 3: Calculate the amount of overhead applied from both departments to Job 407 Milling Predetermined overhead rate per machine-hour or direct labor-hour Machine-hours or direct labor-hours for the job Manufacturing overhead applied ? ? ? ? ? ? Step 4: Calculate the total job cost for Job 407 Milling Assembly Total Direct materials Direct labor cost Manufacturing over head applied Total cost of Job 407 ? ? ? ? ? ? ? ? ? Step 5: Calculate the selling price for Job 407 Total cost of Job 407 Markup Selling price of Job 407 ? ? ? Step 2: Then enter formulas in all cells that contain question marks. For example, in cell B25 enter the formula "=B10". Step 3: Check your worksheet by changing the total fixed manufacturing overhead cost for the Milling Department in the Data area to $300,000, keeping all other data the same as in the original example. If your worksheet is operating properly, the total cost of Job 407 should now be $2,350. If you do not get this answer, find the errors in your worksheet and correct them. Step 4: Proceed to the requirements below only after completing your worksheet as it will be used to answer the following questions. 1. 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 B C 1 Chapter 2: Applying Excel 2 3 Cost summary for Job 408 4 Department Milling Assembly 50 5 Machine-hours 4 6 Direct labor-hours 9 20 7 Direct materials cost $ 880 $ 260 8 Direct labor cost $ 162 $ 340