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CoursHeroTranscribedText: Markup on job cost 75% Department Milling Assembly Machinehou rs 60,000 3,000 Direct labor-hours 8,000 80,000 Total fixed manufacturing overhead cost $390,000 $500,000 Variable manufacturing overhead per machinehour 52.00 - Variable manufacturing overhead per direct laborhour 53.?'5 Cost summary for Job 40? Department Milling Assembly Direct laborhours 20 Direct materials 53?0 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 7 7 Variable manufacturing overhead per machinehour or . direct laborhour Total machinehou rs or direct laborhours ? ? '2' Total variable manufacturing overhead ? Total manufacturing overhead 7' Step 2: Calculate the predetermined overhead rate in each department -- ? ? Total machinehours or direct laborhou rs Predetermined overhead rate per machinehour or direct laborhour Step 3: Calculate the amount of overhead applied from both departments to Job 40? . ? Predetermined overhead rate per machinehour or direct laborhour Machinehours or direct laborhours for the job Manufacturing overhead applied Step 4: Calculate the total job cost for Job 40? Milling Assemblyr Direct materials ? ? Direct labor cost ? ? Step 5: Calculate the selllng price for Job 40? Total cost of Job 40? 7 Selling price of Job 40

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