Markup on job cost | 75% | ||
Department | |||
Milling | Assembly | ||
Machine hours | 60000 | 3000 | |
Direct Labor hours | 8000 | 80000 | |
Total Fixed Manufacturing Overhead | $ 390,000 | $ 500,000 | |
Variable manufacturing overhead per machine hour | $ 2.00 | ||
Variable manufacturing overhead per direct labor hour | $ 3.75 | ||
Cost Summary for Job 407 | Department | ||
Milling | Assembly | ||
Machine Hours | 90 | 4 | |
Direct Labor hours | 5 | 20 | |
Direct Material | $ 800 | $ 370 | |
Direct Labor Cost | $ 70 | $ 280 | |
Milling | Assembly | ||
Total Fixed Manufacturing Overhead | $ 390,000 | $ 500,000 | |
Variable manufacturing overhead per machine hour | $ 2.00 | $ 3.75 | |
Total Machine hours or direct labor hours | 60000 | 80000 | |
Total Variable Manufacturing Overhead | $ 120,000 | $ 300,000 | |
Total Manufacturing Overhead | $ 510,000 | $ 800,000 | |
Milling | Assembly | ||
Total Manufacturing Overhead | $ 510,000 | $ 800,000 | |
Total Machine hours or direct labor hours | 60000 | 80000 | |
Predetermined Overhead rate | $ 8.50 | $ 10.00 | |
Milling | Assembly | ||
Predetermined Overhead rate | $ 8.50 | $ 10.00 | |
Machine hours or direct labor hours for the job | 90 | 20 | |
Manufacturing overhead applied | $ 765 | $ 200 | |
Milling | Assembly | Total | |
Direct Materials | $ 800 | $ 370 | $ 1,170 |
Direct Labor cost | $ 70 | $ 280 | $ 350 |
Manufacturing overhead applied | $ 765 | $ 200 | $ 965 |
Total Cost of Job 407 | $ 2,485 | ||
Total Cost of Job 407 | $ 2,485.00 | ||
Markup | $ 1,863.75 | ||
Selling Price of Job 407 | $ 4,348.75 |
Formula Sheet
Milling | Assembly | ||
Total Fixed Manufacturing Overhead | =B10 | =C10 | |
Variable manufacturing overhead per machine hour | =B11 | =C12 | |
Total Machine hours or direct labor hours | =B8 | =C9 | |
Total Variable Manufacturing Overhead | =B26*B27 | =C26*C27 | |
Total Manufacturing Overhead | =B25+B28 | =C25+C28 | |
Milling | Assembly | ||
Total Manufacturing Overhead | =B29 | =C29 | |
Total Machine hours or direct labor hours | =B27 | =C27 | |
Predetermined Overhead rate | =B33/B34 | =C33/C34 | |
Milling | Assembly | ||
Predetermined Overhead rate | =B35 | =C35 | |
Machine hours or direct labor hours for the job | =B16 | =C17 | |
Manufacturing overhead applied | =B39*B40 | =C39*C40 | |
Milling | Assembly | Total | |
Direct Materials | =B18 | =C18 | =B45+C45 |
Direct Labor cost | =B19 | =C19 | =B46+C46 |
Manufacturing overhead applied | =B41 | =C41 | =B47+C47 |
Total Cost of Job 407 | =D45+D46+D47 | ||
Total Cost of Job 407 | =D48 | ||
Markup | =D51*B4 | ||
Selling Price of Job 407 | =D51+D52 |
1. Selling Price for Job 408 = $3813.25
2. Selling Price for Job 408 = $3813.25
3. Selling Price for Job 408 = $4032
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1. 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...
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 с 1 2 Chapter 2: Applying Excel 3 Cost summary for Job 408 4 5 6 Machine-hours Direct labor hours Direct materials cost Direct labor cost Department Milling Assembly 90 2 9 20 760 $ 330 162...
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 2 3 4 5 6 7 8 Chapter 2: Applying Excel Cost summary for Job 408 Department Milling Assembly Machine-hours 60 2 Direct labor-hours 5 20 Direct materials cost $510 $400 Direct labor cost $90 $380...
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...
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 $...
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...
EXHIBIT 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 DLH 80,000 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...
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...
Help figuring out this problem show work if you can EXHIBIT 2-5 Dickson Company: An Example Using Multiple Predetermined Overhead Rates Step 1: Calculate the estimated total manufacturing overhead cost for each department. Miling Department Overhead Cost (Y): Assembly Department Overhead Cost (Y): = $390,000 + ($2.00 per MH X 60.000 MHS) = $500,000 + ($3.75 per DLH X 80,000 DLHs) = $390,000+ $120,000 = $500,000 + $300,000 = $510,000 = $800,000 Step 2: Calculate the predetermined overhead rate in...
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 18 Direct materials 19 Direct labor...