Question

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 18 Direct materials $800 $370 19 Direct labor cost $70 $280 20 21 Enter a hamma nacho we calls marked with a low 22 23 Step 1 Calculate the estimated total manufacturing overhead cost for each department 24 Milling Assembly 25 Total fixed manufacturing overhead cost 2 26 Variable manufacturing overhead per machine-hour or direct labc ? ? 27 Total machine-hours or direct labor-hours ? ? 28 Total variable manufacturing overhead ? ? ? ? 29 Total manufacturing overhead 30 31 Step 2. Calculate the predetermined overhead rate in each department 32 Milling Assembly 33 Total manufacturing overhead ? ? 34 Total machine-hours or direct labor-hours ? ? 35 Predetermined overhead rate per machine-hour or direct labor-ho 2 ? 36 37 Step 3. Calculate the amount of overhead applied from both departments to Job 407 38 Milling Assembly 39 Predetermined overhead rale per machine hour or direct labor-hoi ? 40 Machine-hours or direct labor-hours for the job ? 2 41 Manufacturing overhead applied ? ? 42 43 Step 4: Calculate the total job cost for Job 407 Milling Assembly 45 Direct materials 46. Direct labor cost ? 47 Manufacturing overhead applied ? 48 Total cost of Job 407 49 50 Step 5: Calculate the selling price for Job 407 51 Total cost of Job 407 52 Markup Chapter 3 Form Total 44 ? ? ? 2 ? 2 ?

Answer 1

Bookl - Microsoft Excel (Product Activation Failed) File Home Insert Formulas Data Review View Page Layout for A2 A B С D E 1 Step : 1 $ 4 $ 00 ou wn Total Fixed Manufacturing Overhead Cost Variable Manufacturing Overhead per machine hour or direct labour hour Total Machine Hours or Direct Labour Hours Total Variable Manufacturing Overhead Total Manufacturing Overhead Mixing 390,000.00 $ 2.00 $ 60,000.00 120,000.00 $ 510,000.00 $ Assembly 500,000.00 3.75 80,000.00 300,000.00 800,000.00 $ $ 7 9 Step : 2 10 11 $ Mixing 510,000.00 $ 60,000.00 8.50 $ Total Manufacturing Overhead Total Machine Hours or Direct Labour Hours Predetermined Overhead Rate as per Machine Hour or Direct Labour Hour Assembly 800,000.00 80,000.00 10.00 12 13 $ 14 15 Step : 3 16 17 $ Mixing 8.50 $ 90.00 765.00 $ Predetermined Overhead Rate as per Machine Hour or Direct Labour Hour Machine Hours or Direct Labour Hours for the Job Manufacturing Overhead Applied Assembly 10.00 20.00 200.00 18 19 $ 20 21 KN Sheet1 Ready BO 140% - 2:47 AM 17-Sep-20

Bookl - Microsoft Excel (Product Activation Failed) File Home Insert Page Layout Formulas Data Review View C37 A B С D E 24 Step : 4 25 26 Direct Materials 27 28 Direct Labour Cost Manufacturing Overhead Applied Total Cost of Job 407 $ $ $ $ Mixing 800.00 $ 70.00 $ 765.00 $ 1,635.00 $ Assembly 370.00 $ 280.00 $ 200.00 $ 850.00 $ Total 1,170.00 350.00 965.00 2,485.00 29 30 31 Step : 5 32 33 Total Cost of Job 407 Markup (75% on Cost) Selling Price for Job 407 Mixing 1,635.00 $ 1,226.25 $ 2,861.25 $ $ $ $ Assembly 850.00 $ 637.50 $ 1,487.50 $ 34 Total 2,485.00 1,863.75 4,348.75 35 36 37 38 39 40 41 42 43 44 K Sheet1 Ready 1409 - 9 2:47 AM 17-Sep-20

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