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1 O Required Information This Excel worksheet relates to the Dickson Company example that is summarized in Exhibit 2.5 points 2. Change the total foed 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 C 1 Chapter 2: Applying Excel 2 3 Cost suimary for Job 400 4 5 Machine hours 6 Director 7 Demos 8 Director cost Department Ming Anteny 60 3 5 40 5 50 310 1 555 800 In your worksheet, enter this new data in the cells for Job 407 What is the new seting price for Job 408? (Round your final answer to 2 decimal places)
AR 1 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.) Answer is complete but not entirely correct. Seling price for Job 408 $4,663.750 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 6.000 machine hours? (Round your final answer to 2 decimal places) Big profor
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.) Belling pris for bon 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 antwer to 2 decimal places) Sating piter Job 405
XHIBIT 2-5 Dickson Company: An Example Using Multiple Predetermined Overhead Rates Step 1 Calculate the estimated total manufacturing overhead cost for each department. Milling Department Overhead Cost (Y): Assembly Department Overhead Cost(Y): = $390,000 + ($2.00 per MH 60,000 MHs) = $500,000 + ($3.75 per DLH80,000 DLHs) = $390,000+ $120,000 = $500,000 + $300,000 = $510,000 = $800,000 Step 2. Calculate the predetermined overhead rate in each department Milling Department Overhead Rate. Assembly Department Overhead Rate: $510,000 $800,000 60,000 machine-hours 80,000 direct labor-hours $8.50 per machine-hour $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 Assembly Department. Overhead Applied to Job 407 = $8.50 per MH x 90 MHs = $10.00 pe OLH 20 DLHs = $765 = $200 Step 4 Calculate the total job cost for Job 407 Milling Assembly Total Direct materials $800 $370 $ 1,170 Direct labor $280 350 Manufacturing overhead applied $765 $200 965 Total cost of Job 407 $2.485 X X $70 Step 5. Calculate the selling price for Job 407 Total cost of Job 407 Markup ($2,485 x 75%) Selling price of Job 407 $2,485.00 1,863.75 $4,34875 Del Air