Question

Ozuna Company uses a job-order costing system with a plantwide predetermined overhead rate based on direct labor-hours. For job costing purposes, it uses an average direct labor wage rate of $20 per hour. The company has been struggling financially; accordingly, it has asked you to conduct a job profitability study beginning with a thorough critique of its existing cost system. To keep the scope of your project manageable, you have chosen a subset of 12 jobs from the many jobs completed by the company during the year. Your goal is to complete the table shown below and comment on the insights that it provides:
 

Job	Sales		Direct Materials	Direct Labor	Applied Overhead	Total Job Cost	Gross Margin
1	$	2,400	?	?	?	?	?
2	$	5,400	?	?	?	?	?
3	$	9,000	?	?	?	?	?
4	$	1,450	?	?	?	?	?
5	$	2,200	?	?	?	?	?
6	$	7,000	?	?	?	?	?
7	$	1,700	?	?	?	?	?
8	$	1,600	?	?	?	?	?
9	$	8,000	?	?	?	?	?
10	$	4,100	?	?	?	?	?
11	$	3,200	?	?	?	?	?
12	$	2,800	?	?	?	?	?

Click here to download the Excel template, which you will use to answer the questions that follow. 

 

Click here for a brief tutorial on PivotTables in Excel.

Click here for a brief tutorial on VLOOKUP in Excel.

rev: 05_07_2020_QC_CS-210952,01_09_2021_QC_CS-246235

Excel Analytics 02-02 (Static) Part 3

Required:
3. Go to the tab titled “Estimated MOH.”:

a. For each of the seven variable manufacturing overhead expenses (highlighted in yellow), create a formula that calculates the estimated amount of the expense for this year. (Hint: Use last year’s actual amount of each expense and the actual total labor hours [cell B39] as the basis for this year’s estimates.)

3b. and 3c. What is the estimated indirect materials cost in the Molding Department (cell E17)  and the estimated utilities cost in the Fabrication Department (cell E21)?

Answer 1

The question could be answered

based on students knowledge to

interpret water fall chart.

Please refer to the attached image for the answer.