53 Selling price of Job 407
??Homework Answers
| Data | |||
| Markup on job cost | 75% | ||
| Department | |||
| Miling | Assembly | ||
| Machine-hours | 60000 | 3000 | |
| Direct labor-hours | 8000 | 80000 | |
| Total fixed manufacturing OH cost | $ 3,90,000.00 | $ 5,00,000.00 | |
| Variable manufacturing OH per machine hour | $ 2.00 | ||
| Variable manufacturing OH per direct-labor hour | $ 3.75 | ||
| Cost-summary for Job 407 | Department | ||
| Miling | Assembly | ||
| Machine hours | 90 | 4 | |
| Direct labor-hours | 5 | 20 | |
| Direct materials | $ 800.00 | $ 370.00 | |
| Direct labor cost | $ 70.00 | $ 280.00 | |
| Calculation of estimated manufacturing cost for each department | |||
| Miling | Assembly | ||
| Total fixed manufacturing OH cost | $ 3,90,000.00 | $ 5,00,000.00 | |
| Variable manufacturing OH per machine hour or direct labor-hour | $ 2.00 | $ 3.75 | |
| Total machine hours or direct labor hours | 60000 | 80000 | |
| Total variable manufacturing OH | $ 1,20,000.00 | $ 3,00,000.00 | |
| Total manufacturing OH | $ 5,10,000.00 | $ 8,00,000.00 | |
| Calculation of predetermined OH rate in each department | |||
| Miling | Assembly | ||
| Total manufacturing OH | $ 5,10,000.00 | $ 8,00,000.00 | |
| Total machine hours or direct labor hours | 60000 | 80000 | |
| Pre-determined OH rate per machine hours or per direct labor hrs | $ 8.50 | $ 10.00 | |
| Calculation of amount of OH applied | |||
| Miling | Assembly | ||
| Pre-determined OH rate per machine hours or per direct labor hrs | $ 8.50 | $ 10.00 | |
| Machine hours or direct labor hours for job | 90 | 20 | |
| Manufacturing OH applied | $ 765.00 | $ 200.00 | |
| Calculation of total job cost for Job 407 | |||
| Miling | Assembly | Total | |
| Direct materials | $ 800.00 | $ 370.00 | $ 1,170.00 |
| Direct labor cost | $ 70.00 | $ 280.00 | $ 350.00 |
| Manufacturing OH applied | $ 765.00 | $ 200.00 | $ 965.00 |
| Totsl cost of Job 407 | $ 2,485.00 | ||
| Calculation of selling price for Job 407 | |||
| Total cost of Job 407 | $ 2,485.00 | ||
| Markup | 75% | ||
| Selling price of Job 407 | $ 4,348.75 | ||
Add Answer to:
53 Selling price of Job 407
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1 Chapter 2: Applying Excel 3 Data 4 Markup...
Every ? mark needs a formula, Thanks! 53 Selling price of Job 407 1 Chapter 2:...
Every ? mark needs a formula, Thanks!
53 Selling price of Job 407
1 Chapter 2: Applying Excel 3 Data 4 Markup on job cost 75% 7 8 Machine-hours 9 Direct labor-hours 10 Total fixed manufacturing overhead cost 11 Variable manufacturing overhead per machine-hour 12 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 13 14 Cost summary for Job 407 15 Department Milling Assembly 90 20 16 Machine-hours 17 Direct labor-hours...
Fill in the ? boxes with the correct equations 1 Chapter 2: Applying Excel 3 Data...
Fill in the ? boxes with the correct equations
1 Chapter 2: Applying Excel 3 Data 4 Markup on job cost 75% 8 Machine-hours 9 Direct labor-hours 10 Total fixed manufacturing overhead cost 11 Variable manufacturing overhead per machine-hour 12 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 13 14 Cost summary for Job 407 Department Milling Assembly 90 20 16 Machine-hours 17 Direct labor-hours 18 Direct materials 19 Direct labor...
Chapter 2: Applying Excel Data Markup on job cost 75% Machine-hours Direct labor-hours Total fixed manufacturing...
Chapter 2: Applying Excel Data Markup on job cost 75% Machine-hours Direct labor-hours Total fixed manufacturing overhead 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 20 $800 $370 $280 $70 Enter a formula into each of the cells marked with a ? below Assembly Step 1: Calculate the...
Data Markup on job cost 75% Milling Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable...
Data Markup on job cost 75% Milling Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Assembly 60,000 3,000 8,000 80,000 $390,000 $500,000 $2.00 $3.75 Cost summary for Job 407 Department Milling Assembly 90 Machine-hours Direct labor-hours Direct materials Direct labor cost $800 $70 20 $370 $280 Enter a formula into each of the cells marked with a ? below Assembly Step 1: Calculate the estimated total manufacturing overhead...
how do I do this spreadsheet in a sense of equations. Download the Applying Excel form...
how do I do this spreadsheet in a sense of equations.
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 formulas in the cells that contain question marks. For
example, in cell B25 enter the formula "=B10".
After entering formulas in all of the cells that contained
question marks, verify that the...
Chapter 2 Applying Excel (B) Help Saved 1 Required information This Excel worksheet relates to the...
Chapter 2 Applying Excel (B) Help Saved 1 Required information This Excel worksheet relates to the Dickson Company example that is summarized in Exhibit 2-5 10 points 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: eBook Print A B C References 1 Chapter 2: Applying Excel 3...
2. Change the total fixed manufacturing overhead cost for the Milling Department in Data area back...
2. Change the total fixed manufacturing overhead cost for the Milling Department in Data area back to $390,000, keeping all of the other data the same as in the original example. Consider a new job, Job 408, with the following characteristics: А B с 1 Chapter 2: Applying Excel Cost summary for Job 408 2 3 4 5 Machine-hours Direct labor hours Direct materials cost Direct labor cost Department Milling Assembly 70 2 5 40 880$ 440 95 $ 640...
Here are the instructions, my apologies Chapter 2: Applying Excel: Exercise 1. Change the total fixed...
Here are the instructions, my apologies
Chapter 2: Applying Excel: Exercise 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: А B С Book 1 Chapter 2: Applying Excel 2 Files 3 Cost summary for Job 408 4 5 Department Muling Assembly 70 4 0 20 840 $...
1. Change the total fixed manufacturing overhead cost for the Milling Department in Data area back...
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 с 1 Chapter 2: Applying Excel 2 3 Cost summary for Job 408 4 5 Department Milling Assembly 50 2 8 20 820 $ 270 144 $ 320 Machine-hours Direct labor-hours Direct materials cost Direct labor cost...
ill Από Paste LECopy $ Format Painter BIU ΑΙ Font Clipboard fx 21 B c E...
ill Από Paste LECopy $ Format Painter BIU ΑΙ Font Clipboard fx 21 B c E A Data 75% Markup on job cost Department Milling Assembly 7 60.000 3,000 8 Machine-hours 8,000 80,000 9 Direct labor hours $390,000 $500,000 170 Total fixed manufacturing overhead cost $200 71 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 Milling Assembly 90 4 16 Machine-hours 5 20 17 Direct labor-hours...
Every ? mark needs a formula, Thanks!
53 Selling price of Job 407
1 Chapter 2: Applying Excel 3 Data 4 Markup on job cost 75% 7 8 Machine-hours 9 Direct labor-hours 10 Total fixed manufacturing overhead cost 11 Variable manufacturing overhead per machine-hour 12 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 13 14 Cost summary for Job 407 15 Department Milling Assembly 90 20 16 Machine-hours 17 Direct labor-hours...
Fill in the ? boxes with the correct equations
1 Chapter 2: Applying Excel 3 Data 4 Markup on job cost 75% 8 Machine-hours 9 Direct labor-hours 10 Total fixed manufacturing overhead cost 11 Variable manufacturing overhead per machine-hour 12 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 13 14 Cost summary for Job 407 Department Milling Assembly 90 20 16 Machine-hours 17 Direct labor-hours 18 Direct materials 19 Direct labor...
Chapter 2: Applying Excel Data Markup on job cost 75% Machine-hours Direct labor-hours Total fixed manufacturing overhead 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 20 $800 $370 $280 $70 Enter a formula into each of the cells marked with a ? below Assembly Step 1: Calculate the...
Data Markup on job cost 75% Milling Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Assembly 60,000 3,000 8,000 80,000 $390,000 $500,000 $2.00 $3.75 Cost summary for Job 407 Department Milling Assembly 90 Machine-hours Direct labor-hours Direct materials Direct labor cost $800 $70 20 $370 $280 Enter a formula into each of the cells marked with a ? below Assembly Step 1: Calculate the estimated total manufacturing overhead...
how do I do this spreadsheet in a sense of equations.
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 formulas in the cells that contain question marks. For
example, in cell B25 enter the formula "=B10".
After entering formulas in all of the cells that contained
question marks, verify that the...
Chapter 2 Applying Excel (B) Help Saved 1 Required information This Excel worksheet relates to the Dickson Company example that is summarized in Exhibit 2-5 10 points 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: eBook Print A B C References 1 Chapter 2: Applying Excel 3...
2. Change the total fixed manufacturing overhead cost for the Milling Department in Data area back to $390,000, keeping all of the other data the same as in the original example. Consider a new job, Job 408, with the following characteristics: А B с 1 Chapter 2: Applying Excel Cost summary for Job 408 2 3 4 5 Machine-hours Direct labor hours Direct materials cost Direct labor cost Department Milling Assembly 70 2 5 40 880$ 440 95 $ 640...
Here are the instructions, my apologies
Chapter 2: Applying Excel: Exercise 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: А B С Book 1 Chapter 2: Applying Excel 2 Files 3 Cost summary for Job 408 4 5 Department Muling Assembly 70 4 0 20 840 $...
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 с 1 Chapter 2: Applying Excel 2 3 Cost summary for Job 408 4 5 Department Milling Assembly 50 2 8 20 820 $ 270 144 $ 320 Machine-hours Direct labor-hours Direct materials cost Direct labor cost...
ill Από Paste LECopy $ Format Painter BIU ΑΙ Font Clipboard fx 21 B c E A Data 75% Markup on job cost Department Milling Assembly 7 60.000 3,000 8 Machine-hours 8,000 80,000 9 Direct labor hours $390,000 $500,000 170 Total fixed manufacturing overhead cost $200 71 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 Milling Assembly 90 4 16 Machine-hours 5 20 17 Direct labor-hours...
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