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Download the Applying Excel form and enter formulas in all cells that contain question marks The Chapter 2 Form worksheet is to be used to create your own worksheet version of the example in the text Enter form in the cells that contain question marks. For example, in coll 825 enter the formula 8109 Ahor entering formules in all of the cells that contained question marke, venty that the amounts match the example in the text. Check your worksheet by changing the total ved manufacturing overhead cost for the Mining Department in the Data area to $300,000, keeping all other data the same as in the original example your worsheet is operating property, 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 You should proceed to the requirements below only wher completing your worksheet Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse Next, click "Save." You will use this worksheet to answer the questions in Part 2 D E B 1 Chapter 2: Applying Excel 2 3 Data 4 Markup on job cost 75% 5 6 Department 7 Milling Assembly 8 Machine hours 60 000 3,000 9 Direct labor hours 8,000 80,000 10. Totalfoved manufacturing overhead cost $390.000 $500,000 11 Variable manufacturing overhead per machine-hour $2.00 12 Vanable manufacturing overhead per direct labor-hour $375 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 cost $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 25 Total foued manufacturing overhead cost Assembly ? 26 Vanable manufacturing overhead per machine hour or direct labor hour 2 27 Total machine hours or direct labor hours ? 28 Total variable manufacturing overhead 2 2 29 Total manufacturing overhead 2 7 30 31 Step 2: Calculate the predetermined overhead rate in each department 32 33 Total manufacturing overhead Milling Assembly ? 2 34 Total machine hours or direct labor hours ? 7 35 Predetermined overhead rate per machine hour or direct labor hour 2 36 ? 37 Step 3: Calculate the amount of overhead applied from both departments to Job 407 38 39 Predetermined overhead rate per machine hour or direct labor hour Miling Assembly ? 40 Machine hours or direct labor hours for the job ? 7 7 41 Manufacturing overhead applied 42 ? 2 43 Step 4: Calculate the total job cost for Job 407 44 15 Oxect materials Mama Assembly 12 7 46 Direct labor cost 47 Manufacturing overhead applied 2 2 48 Total cost of Job 407 49 ? SO Step 5: Calculate the selling price for Job 407 51 Total cost of Job 407 52 Map 7 53 Selling price of Job 407 17 54 2 SS 56 57 SS 59 60 61 62 Total 2. Change the total fixed manufacturing overhead cost for the Milling Department in Data area back to $390,000, keeping all of the other data the same as in the original example. Consider a new job, Job 408, with the following characteristics: A B Chapter 2: Applying Excel 1 2 3 4 5 Cost summary for Job 408 6 Machine-hours Direct labor-hours Direct materials cost Direct labor cost Department Milling Assembly 90 3 8 40 780$ 320 136 $ 760 7 $ 8 $ 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 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 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 4,000 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 lithe 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

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