The document discusses a job profitability study conducted for Ozuna Company using job-order costing. It includes information on 12 jobs, direct materials, direct labor, applied overhead, total job cost and gross margin. Key details are calculating costs and margins for each job using formulas and analyzing which jobs have the highest/lowest gross margins and increased/decreased total gross margin.

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7. Go to the tab titled "Waterfall Chart' and answer the following questions. a. According to the
chart. which jobs have the highest and lowest gross margins? b. According to the chart, which of
the following statements ate true fyou may select more than one answer). (You moy select more
than one onswer. Single click the box with the question mark to produce a check mark for a
correct answer and double click the box with the question mark to empty the box for o wrong
onswer. Any boxes left with a question mark will be outomatically graded as incorrect.) The
eight mont profitable jobs produced a erost mangin alightly above 54,000 A sotal of four jobs
decreased the company't overet gross melgn. Jobs 8 and 2 both decreased the total gross margin
The sempanys total yeses margn for the 12 jobe intluled an the chart is less than $2.500
Required: 6. Within the "Job Profitability": 0. create fommulas that compute the total job cost
and gross margin for each of the 12 jobs. b. What is the total cost of Jobs 3 and 12 ? c. What is
the gross margin Jobs 1 and 8 ? Complete this question by entering your answers in the tabs
below. What is the gross margin Jobs 1 and 8 ? Required: 5. Go to the tab titled "Job
Profitability.": o. Using formulas that refer to your answers from requirements 1-4, calculate the
direct materials, direct labor, and applied overhead cost for each of the 12 jobs. (Hint: Use
VLOOKUP to reference values from the pivot tables you created in requirements 1 and 2 .) b.
What is the amount of applied overhead for Jobs 4 and 9 ? Required: 6. Within the "Job
Profitability": o. create formulas that compute the total job cost and gross margin for each of the
12 jobs. b. What is the total cost of Jobs 3 and 12 ? c. What is the gross margin Jobs 1 and 8 ?
Complete this question by entering your answers in the tabs below. What is the total cost of Jobs
3 and 12 ? Gross Margin by Job - Increase Decrease Total Job Required information Excel
Analytics 02-02 (Static) Job-Order Costing; Plantwide Predetermined Overhead Rates [LO2-1,
LO2. 2. LO2-3] [The following information applies to the questions displayed below.] Ozuna
Company uses a job-order costing system with a plantwide predetermined overhead rate based
on direct laborhours. For job costing purposes, it uses an average direct labor wage rate of $20
per hour. The company has been struggling financlally; 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: