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Business, 19.06.2020 18:57 mia6291

Markup on job cost 75% Department
Milling Assembly
Machine-hours 60,000 3,000
Direct labor-hours 8,000 80,000
Total fixed manufact$ 390,000 $500,000
uring overhead cost
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 materials $800 $370
Direct labor cost $70 $280
Enter a formula into each of the cells marked with a ? below
Step 1: Calculate the estimated total manufacturing overhead cost for each department
Step 2: Calculate the predetermined overhead rate in each department
Step 3: Calculate the amount of overhead applied from both departments to Job 407
Step 4: Calculate the total job cost for Job 407
Total cost of Job 407
Step 5: Calculate the selling price for Job 407

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Markup on job cost 75% Department
Milling Assembly
Machine-hours 60,000 3,000
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