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Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Cost summary for Job 407 Machine-hours Direct labor-hours Direct materials Milling Department Assembly 60,000 3,000 8,000 80,000 $390,000 $500,000 $2.00 $3.75 Department Milling Assembly 90 4 5 20 $800 $370 $70 $280 Direct labor cost Enter a formula into each of the cells marked with a ? below Step 1: Calculate the estimated total manufacturing overhead cost for each department Milling Assembly Total fixed manufacturing overhead cost $390,000 ? Variable manufacturing overhead per machine-hour or direct labor-hour $2.00 ? Total machine-hours or direct labor-hours 68,000 ? Total variable manufacturing overhead ? ? Total manufacturing overhead ? Step 2: Calculate the predetermined overhead rate in each department Milling Assembly Total manufacturing overhead ? ? Total machine-hours or direct labor-hours ? ? Predetermined overhead rate per machine-hour or direct labor-hour ? ? Step 3: Calculate the amount of overhead applied from both departments to Job 407 Milling Assembly Predetermined overhead rate per machine-hour or direct labor-hour Machine-hours or direct labor-hours for the job ? ? ? ? Manufacturing overhead applied ? ? 3 Step 4: Calculate the total job cost for Job 407 3 Direct materials Direct labor cost Manufacturing overhead applied 3 Total cost of Job 407 Step 5: Calculate the selling price for Job 407 Total cost of Job 407 Markup Selling price of Job 407 Milling Assembly Total ? ? ? ? ? ? ? ? ? ? 222 ? ? ?

Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Cost summary for Job 407 Machine-hours Direct labor-hours Direct materials Milling Department Assembly 60,000 3,000 8,000 80,000 $390,000 $500,000 $2.00 $3.75 Department Milling Assembly 90 4 5 20 $800 $370 $70 $280 Direct labor cost Enter a formula into each of the cells marked with a ? below Step 1: Calculate the estimated total manufacturing overhead cost for each department Milling Assembly Total fixed manufacturing overhead cost $390,000 ? Variable manufacturing overhead per machine-hour or direct labor-hour $2.00 ? Total machine-hours or direct labor-hours 68,000 ? Total variable manufacturing overhead ? ? Total manufacturing overhead ? Step 2: Calculate the predetermined overhead rate in each department Milling Assembly Total manufacturing overhead ? ? Total machine-hours or direct labor-hours ? ? Predetermined overhead rate per machine-hour or direct labor-hour ? ? Step 3: Calculate the amount of overhead applied from both departments to Job 407 Milling Assembly Predetermined overhead rate per machine-hour or direct labor-hour Machine-hours or direct labor-hours for the job ? ? ? ? Manufacturing overhead applied ? ? 3 Step 4: Calculate the total job cost for Job 407 3 Direct materials Direct labor cost Manufacturing overhead applied 3 Total cost of Job 407 Step 5: Calculate the selling price for Job 407 Total cost of Job 407 Markup Selling price of Job 407 Milling Assembly Total ? ? ? ? ? ? ? ? ? ? 222 ? ? ?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Cost summary for Job 407 Machine-hours Direct labor-hours Direct materials Milling Department Assembly 60,000 3,000 8,000 80,000 $390,000 $500,000 $2.00 $3.75 Department Milling Assembly 90 4 5 20 $800 $370 $70 $280 Direct labor cost Enter a formula into each of the cells marked with a ? below Step 1: Calculate the estimated total manufacturing overhead cost for each department Milling Assembly Total fixed manufacturing overhead cost $390,000 ? Variable manufacturing overhead per machine-hour or direct labor-hour $2.00 ? Total machine-hours or direct labor-hours 68,000 ? Total variable manufacturing overhead ? ? Total manufacturing overhead ? Step 2: Calculate the predetermined overhead rate in each department Milling Assembly Total manufacturing overhead ? ? Total machine-hours or direct labor-hours ? ? Predetermined overhead rate per machine-hour or direct labor-hour ? ? Step 3: Calculate the amount of overhead applied from both departments to Job 407 Milling Assembly Predetermined overhead rate per machine-hour or direct labor-hour Machine-hours or direct labor-hours for the job ? ? ? ? Manufacturing overhead applied ? ? 3 Step 4: Calculate the total job cost for Job 407 3 Direct materials Direct labor cost Manufacturing overhead applied 3 Total cost of Job 407 Step 5: Calculate the selling price for Job 407 Total cost of Job 407 Markup Selling price of Job 407 Milling Assembly Total ? ? ? ? ? ? ? ? ? ? 222 ? ? ?
Transcribed Image Text:Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Cost summary for Job 407 Machine-hours Direct labor-hours Direct materials Milling Department Assembly 60,000 3,000 8,000 80,000 $390,000 $500,000 $2.00 $3.75 Department Milling Assembly 90 4 5 20 $800 $370 $70 $280 Direct labor cost Enter a formula into each of the cells marked with a ? below Step 1: Calculate the estimated total manufacturing overhead cost for each department Milling Assembly Total fixed manufacturing overhead cost $390,000 ? Variable manufacturing overhead per machine-hour or direct labor-hour $2.00 ? Total machine-hours or direct labor-hours 68,000 ? Total variable manufacturing overhead ? ? Total manufacturing overhead ? Step 2: Calculate the predetermined overhead rate in each department Milling Assembly Total manufacturing overhead ? ? Total machine-hours or direct labor-hours ? ? Predetermined overhead rate per machine-hour or direct labor-hour ? ? Step 3: Calculate the amount of overhead applied from both departments to Job 407 Milling Assembly Predetermined overhead rate per machine-hour or direct labor-hour Machine-hours or direct labor-hours for the job ? ? ? ? Manufacturing overhead applied ? ? 3 Step 4: Calculate the total job cost for Job 407 3 Direct materials Direct labor cost Manufacturing overhead applied 3 Total cost of Job 407 Step 5: Calculate the selling price for Job 407 Total cost of Job 407 Markup Selling price of Job 407 Milling Assembly Total ? ? ? ? ? ? ? ? ? ? 222 ? ? ?
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