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Cost Analysis of Job-Order Sheets Completing this activity will help you learn to: 1. build calculations to find cumulative costs and unit costs for a manufacturing job. 2. understand and utilize a manufacturing overhead rate. 3. understand what variable the direct labor, direct materials and manufacturing overhead costs depend on (hours, units, etc.). 4. reflect and utilize the helpful information you created in the job-order sheet. Case scenario: You are working at a manufacturing plant. You do not have the specific identification of the good sold. You are given the building blocks of cost (labor, materials, etc.) for Job $26, which your plant completed. Your company accumulates cost per job on a JobOrder Sheet. Required: Download spreadsheet JobOrderCaseData-d86777.xisx Build a spreadsheet to calculate a manufacturing job's total cost and unit product cost. This lab uses "Job \#26" information. HINT: STEP-BY-STEP WALKTHROUGH To help you get started, the file already has a job order costs sheet populated with information. To complete the task, complete the following steps: 1. Naming Cells: Individual cells, cell ranges, and tables can be named within Excel for formula ease. For example, the Total Material Subtotal (cell E15) can be named "TotalMaterialSubtotal, Going forward, cells can be referenced using words instead of the Excel coordinates, Label the completed units (cell G5), "Units," 1. Naming Cells: Individual cells, cell ranges, and tables can be named within Excel for formula ease. For example, the Total Material Subtotal (cell E15) can be named "TotalMaterialSubtotal." Going forward, cells can be referenced using words instead of the Excel coordinates. Label the completed units (cell GS), "Units," 2. Manufacturing Overhead: Review the manufacturing overhead rate in cell Kg of the job-order spreadsheet and observe how the manufacturing overhead is allocated for Job \#26. (Hint: "DLH" stands for Direct Labor Hours). a. Calculate the total hours for Job \#26 in cell j9. Remember, your goal is to create a reusable spreadsheet. Total labor hours shoulc NOT be hardcoded (or typed in), but a formula should be used to accommodate variations in total hours. hours b. Now you have the buliding blocks to calculate the amount of manufacturing overhead. Calculate the manufacturing overhead in cell L9 for Job #26. 4 Is the manufacturing overhead amount you found for the 3OB or for EACH UNIT? The manufacturing overhead amount is found for 3. Cost Summary a. Calculate total direct materials for Job \#26 in cell G18. Hint: Is the direct material information given the total for the job or for each unit? b. Calculate direct labor for Job \#26 in cell G19. Hint: Is the direct labor information given the total for the fob or for each unit? b. Calculate direct labor for 30b#26 in cell G19. Hint: Is the direct labor information given the total for the job or for each unit? c. Calculate manufacturing overhead for Job =26 in cell 620 . Do not hard-code. s d. Calculate the total costs for 20b#26 in cell G21. 4 e. Calculate the unit product cost for Job #26 in cell G22. 1 4. Reflect on your calculation process to further understand cost concepts. a. How does manufacturing overhead differ from direct materials and direct labor? Manufacturing overhead is requires analyzation of tota direct material and labor because those costs b. What variable(s) does direct labor depend on? cost, not costs, a rational method of allocating the cost, and a rate. This differs from traceable outright to producing a unit. What variable(s) do direct materials depend on? requires analyzation of total direct material and labor because those costs costs, a rational method of allocating the cost, and a rate. inis differs from traceable outright to producing a unit. b. What variable(s) does direct labor depend on? What variable(s) do direct materials depend on? What variable(s) does manufacturing overhead depend on? c. What information can you gleam from the job-cost spreadsheet? What is the most expensive part of the job? least expensive? is the most expensive part of manufacturing this job. It accounts for about cost. o of the fob's The least expensive part of this manufacturing job is . It is about % of the job's cost. 5. Explain how job cost sheets are used to evaluate and control costs. The input in the box below will not be graded, but may be reviewed and considered by your instructor

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