ExcelAnalytics_JobOrderCosting_PlantwidePredeterminedOverheadRates_Template
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Northeastern University *
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Course
3000
Subject
Finance
Date
Apr 3, 2024
Type
xlsx
Pages
19
Uploaded by AgentMorningOwl40
Pivot Tables:
Pivot tables allow us to summarize data sets quickly and easily agnostic of size. The table allows us to summa
specific attributes and using specific measures such as sum, average, maximum and so on. When utilizing Pivot Tables you should proceed as follows:
Go to the “Insert” tab
Click on “PivotTable” and the “Create PivotTable” Wizard will pop up:
Under “Choose the data that you want to analyze” make sure the radio button for “Select a table or range” is Ensure the Table/Range is set as the entire range of cells you want to summarize
Under “Choose where you want the PivotTable report to be placed” choose the radio button for “New Works
Leave the box unchecked next to “Add this data to the Data Model”
Click OK
Within the “PivotTable Fields” on the right of the screen, do the following actions:
Click on and drag any attribute (typically non-numerical) you want to summarize by such as an account name
to the “Rows” quadrant
Click on and drag the numerical value such as sales or quantity to the “Values” quadrant
Note that this will default to “Sum” of whatever value you chose. If you want to have a measure other than s
should click on the drop down of that value in the “Values” quadrant and click “Value field settings” to modify
summarization type.
Your table will now show you a summarization of the numerical value in correspondence with the non-numer
you chose such as sales by state,
If you want to add additional dimensions such as the Year you can drag those values to the “Columns” quadra
you will have a cross sectional summarization such as sales by year by state.
arize on a selected
sheet”
e or a location sum, you y the rical attribute ant and now
VLOOKUPs:
VLOOKUP is a function in Microsoft Excel that easily allows you to search tables or sheets within Excel workbo
specified corresponding values. Below is a description of the Excel formula and an example of how to use it:
1. The first step is to understand the VLOOKUP function itself. The VLOOKUP Function has the following argu
2. =VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup]
The “lookup_value” is the cell that contains the value you want to search for in another table
The “table_array” is the table where you want to look for the “lookup_value”
It is very important that the leftmost column in the “table_array” is the column that would co
“lookup_value” you are looking for
The “col_index_num, is the column number that contains the corresponding value you want to return, for exa
input 1, it will give you the column you are searching in for the “lookup_value”, if you choose 2 it will give you
directly to the right of the column that contains the “lookup value” and so on.
“range_lookup” has to options “True” or “False”. If you want an exact match (which you typically do, choose are looking only for an approximate match, choose “True”.
3. Lets do the following example (note this is simplified for ease of following)You want to have a lookup functi
can type in any state and have it return the sales for that state. You have a simple table that lists the sta
company operates in and the corresponding sales. The below table is your setup where in you want to
name into Cell E2 and have Cell F2 generate the sales for that state:
To do this our VLOOKUP function is will go into Cell F2 and will look as follows:
1. =VLOOKUP(E2,$A$1:$B$7,2,FALSE)
a) The “lookup_value” is cell E2 as it contains the value (State) you want to search for
table
b) The “table_array” is $A$1:$B$7 as this is the table where we want to search for th
“lookup_value” (State)
c) The “col_index_num is 2 as we are searching the first column but want to return th
in the 2
nd
column (Sales)
d) “range_lookup” is set to “False” as we want to match the state exactly
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ooks and return uments:
ontain the ample if you u the column “False” if you tion where you ates your o type the state r in another he he value found
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Requisition #
Department
Job
Cost
MR1
Molding
1
$ 175.00 MR17
Fabrication
1
$ 198.00 MR33
Assembly
1
$ 169.00 MR4
Molding
2
$ 305.00 MR13
Fabrication
2
$ 140.00 MR30
Assembly
2
$ 115.00 MR2
Molding
3
$ 188.00 MR18
Fabrication
3
$ 134.00 MR6
Molding
4
$ 168.00 MR14
Fabrication
4
$ 138.00 MR25
Assembly
4
$ 118.00 MR7
Molding
5
$ 170.00 $ 306.00 MR20
Fabrication
5
$ 136.00 MR11
Molding
6
$ 185.00 MR15
Fabrication
6
$ 135.00 MR31
Assembly
6
$ 112.00 MR12
Molding
7
$ 144.00 MR21
Fabrication
7
$ 105.00 MR26
Assembly
7 $ 80.00 MR3
Molding
8
$ 155.00 MR23
Fabrication
8
$ 132.00 MR10
Molding
9
$ 192.00 MR22
Fabrication
9
$ 131.00 MR27
Assembly
9
$ 112.00 MR9
Molding
10
$ 148.00 MR24
Fabrication
10
$ 119.00 MR32
Assembly
10
$ 114.00 MR5
Molding
11
$ 160.00 $ 402.00 MR16
Fabrication
11
$ 129.00 MR29
Assembly
11
$ 113.00 MR8
Molding
12
$ 210.00 MR19
Fabrication
12
$ 142.00 MR28
Assembly
12
$ 116.00
Employee
Department
Job
Cathy Smithson
Assembly
1
2.50 $ 20 $ 50 Christopher Tanaka
Assembly
1
1.50 $ 20 $ 30 Damien Charles
Fabrication
1
4.50 $ 20 $ 90 Juwan Thompson
Molding
1
3.25 $ 20 $ 65 Rebecca Wills
Assembly
1
3.25 $ 20 $ 65 Ernest Kroyman
Assembly
2
15.00 $ 20 $ 300 Jeff Durand
Molding
2
10.50 $ 20 $ 210 Loretta Hoyt
Assembly
2
13.50 $ 20 $ 270 Mary Jo Hawley
Fabrication
2
11.25 $ 20 $ 225 Rebecca Wills
Assembly
2
12.75 $ 20 $ 255 Damien Charles
Fabrication
3
26.50 $ 20 $ 530 2,500.00 Emily Evans
Assembly
3
30.00 $ 20 $ 600 Ernest Kroyman
Assembly
3
31.00 $ 20 $ 620 Juwan Thompson
Molding
3
22.00 $ 20 $ 440 William Marks
Assembly
3
15.50 $ 20 $ 310 Cathy Smithson
Assembly
4
0.75 $ 20 $ 15 David Chen
Molding
4
1.00 $ 20 $ 20 Michael Kershaw
Fabrication
4
1.00 $ 20 $ 20 William Marks
Assembly
4
1.00 $ 20 $ 20 Jeff Durand
Molding
5
2.75 $ 20 $ 55 $ 340 Julia Rhymer
Assembly
5
6.50 $ 20 $ 130 Kayla Burke
Assembly
5
3.25 $ 20 $ 65 Madison Rodriquez
Fabrication
5
4.50 $ 20 $ 90 Damien Charles
Fabrication
6
11.00 $ 20 $ 220 David Chen
Molding
6
12.00 $ 20 $ 240 Emily Evans
Assembly
6
20.50 $ 20 $ 410 Loretta Hoyt
Assembly
6
18.50 $ 20 $ 370 Rebecca Wills
Assembly
6
26.00 $ 20 $ 520 Cathy Smithson
Assembly
7
2.25 $ 20 $ 45 Christopher Tanaka
Assembly
7
2.50 $ 20 $ 50 David Chen
Molding
7
2.25 $ 20 $ 45 Madison Rodriquez
Fabrication
7
3.25 $ 20 $ 65 William Marks
Assembly
7
1.25 $ 20 $ 25 Cathy Smithson
Assembly
8
3.50 $ 20 $ 70 Christopher Tanaka
Assembly
8
3.75 $ 20 $ 75 Marshall Toliver
Molding
8
0.75 $ 20 $ 15 Michael Kershaw
Fabrication
8
4.00 $ 20 $ 80 Rebecca Wills
Assembly
8
3.50 $ 20 $ 70 Damien Charles
Fabrication
9
27.00 $ 20 $ 540 Juwan Thompson
Molding
9
25.00 $ 20 $ 500 Loretta Hoyt
Assembly
9
21.00 $ 20 $ 420 Rebecca Wills
Assembly
9
32.00 $ 20 $ 640 42.00 Direct Labor-
Hours
Average Direct Labor Wage Rate
Direct Labor Cost
Allison Vanston
Assembly
10
17.00 $ 20 $ 340 Jeff Durand
Molding
10
10.00 $ 20 $ 200 $ 840 Mary Jo Hawley
Fabrication
10
8.00 $ 20 $ 160 Rebecca Wills
Assembly
10
7.00 $ 20 $ 140 Emily Evans
Assembly
11
8.00 $ 20 $ 160 $ 600 Julia Rhymer
Assembly
11
1.00 $ 20 $ 20 Loretta Hoyt
Assembly
11
4.00 $ 20 $ 80 Marshall Toliver
Molding
11
6.00 $ 20 $ 120 Mary Jo Hawley
Fabrication
11
11.00 $ 20 $ 220 Allison Vanston
Assembly
12
3.25 $ 20 $ 65 Emily Evans
Assembly
12
5.00 $ 20 $ 100 Ernest Kroyman
Assembly
12
3.75 $ 20 $ 75 Jeff Durand
Molding
12
4.00 $ 20 $ 80 Mary Jo Hawley
Fabrication
12
6.00 $ 20 $ 120
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125.00
42.00
Last Year
This Account
Cost Behavior
Equipment depreciation: Molding
$ 400,000 Fixed
$ 400,000 Equipment depreciation: Fabrication
$ 300,000 Fixed
$ 300,000 Equipment depreciation: Assembly
$ 50,000 Fixed
$ 50,000 Equipment depreciation: Materials Handling
$ 15,000 Fixed
$ 15,000 Equipment depreciation: Other
$ 10,000 Fixed
$ 10,000 Production suprvision: Molding
$ 60,000 Fixed
$ 63,000 Production supervision: Fabrication
$ 65,000 Fixed
$ 68,250 Production supervision: Assembly
$ 58,000 Fixed
$ 60,900 Indirect labor: Maintenance & Repairs
$ 72,000 Fixed
$ 75,600 Indirect labor: Materials Handling
$ 68,000 Fixed
$ 71,400 Indirect labor: Engineering
$ 170,000 Fixed
$ 178,500 Indirect labor: Raw Materials Purchasing
$ 93,000 Fixed
$ 97,650 Indirect labor: Quality Control
$ 38,000 Fixed
$ 39,900 Indirect labor: Packaging & Shipping
$ 99,000 Fixed
$ 103,950 Indirect materials: Molding
$ 18,000 Variable
$ 18,000 Indirect materials: Fabrication
$ 13,000 Variable
$ 13,000 Indirect materials: Assembly
$ 8,000 Variable
$ 8,000 Utilities: Molding
$ 24,000 Variable
$ 24,000 Utilities: Fabrication
$ 20,000 Variable
$ 20,000 Utilities: Assembly
$ 6,000 Variable
$ 6,000 Utiltiies: Plant lighting and other equipment
$ 12,000 Fixed
$ 12,240 Utilities: Heating and cooling
$ 24,000 Fixed
$ 24,480 Property insurance
$ 26,000 Fixed
$ 26,520 Liability insurance
$ 18,000 Fixed
$ 18,360 Medical insurance
$ 45,000 Fixed
$ 51,750 Workers' compensation insurance
$ 13,000 Fixed
$ 14,300 Other salaries: Plant manager
$ 165,000 Fixed
$ 173,250 Other salaries: Accounting
$ 89,000 Fixed
$ 93,450 Other salaries: Administrative support
$ 56,000 Fixed
$ 58,800 Other salaries: Janitorial
$ 48,000 Fixed
$ 50,400 Other salaries: Security and grounds maintenance
$ 44,000 Fixed
$ 46,200 Property taxes
$ 18,000 Fixed
$ 18,540 Payroll taxes: Direct labor
$ 79,000 Variable
Payroll taxes: Other
$ 165,000 Fixed
$ 173,250 Total Manufacturing Overhead
$ 2,389,000 $ 2,384,690 Total direct labor hours
41,400 42,500 Plantwide predetermined overhead rate
Actual Amount
Estimated Amount
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Year
Cost Behavior
Fixed
Fixed
Fixed
Fixed
Fixed
Fixed
Fixed
Fixed
Fixed
Fixed
Fixed
Fixed
Fixed
Fixed
Variable
Variable
Variable
Variable
Variable
Variable
Fixed
Fixed
Fixed
Fixed
Fixed
Fixed
Fixed
Fixed
Fixed
Fixed
Fixed
Fixed
Variable
Fixed
Job Sales
Direct Labor
Total Job Cost
Gross Margin
1 $ 2,400.00 $ 542.00 $ 300.00 $ 871.05 $ 1,713.05 $ 686.95 2 $ 5,400.00 $ 560.00 $ 3,658.41 $ 4,218.41 $ 1,181.59 3 $ 9,000.00 $ 322.00 $ 2,500.00 $ 7,258.75 $ 10,080.75 $ (1,080.75)
4 $ 1,450.00 $ 424.00 $ 75.00 $ 217.76 $ 716.76 $ 733.24 5 $ 2,200.00 $ - $ 2,200.00 6 $ 7,000.00 $ - $ 7,000.00 7 $ 1,700.00 $ - $ 1,700.00 8 $ 1,600.00 $ 287.00 $ 310.00 $ 900.09 $ 1,497.09 $ 102.91 9 $ 8,000.00 $ 435.00 $ 2,100.00 $ 6,097.35 $ 8,632.35 $ (632.35)
10 $ 4,100.00 $ 381.00 $ 840.00 $ 2,438.94 $ 3,659.94 $ 440.06 11 $ 3,200.00 $ - $ 3,200.00 12 $ 2,800.00 $ 468.00 $ 440.00 $ 1,277.54 $ 2,185.54 $ 614.46 Direct Materials
Applied Overhead
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Note: Each job's labor intensity is computed by taking the job's direct labor co
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ost divided by its sales.
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