ACCT302 01 Cost Accounting (Summer 2022) = Homework: Chapter 5 Question 4, E5-29 (book/static) Part 4 of 11 HW Score: 47.2%, 47.2 of 100 points Points: 6.28 of 30 Dinah Tovar Armas Save The job-costing system at Shirley's Custom Framing has five indirect-cost pools (purchasing, material handling, machine maintenance, product inspection, and packaging). The company is in the process of bidding on two jobs; Job 215, an order of 16 intricate personalized frames, and Job 325, an order of six standard personalized frames. The controller wants you to compare overhead allocated under the current simple job-costing system and a newly designed activity-based job-costing system. Total budgeted costs in each indirect-cost pool and the budgeted quantity of each activity driver are as follows. (Click the icon to view the cost and driver data.) (Click the icon to view the job data.) Read the requirements. Data table Bgt. total costs in indirect cost pool Requirement 1. Compute the total overhead allocated to each job under a simple costing system, where overhead is allo Begin by calculating the overhead rate under the simple costing system. First select the formula, then enter the applicable machine, mat. = material, purch. = purchase, qty. = quantity.) Budgeted overhead rate Simple costing system Purchasing $ 232,100 Bgt. total qty. of activity driver 10,000 Material handling Machine maintenance Product inspection Packaging = $ 23.21 per mach. hour Total Now calculate the total overhead allocated to each job under a simple costing system. (Round your answer to the nearest Simple costing system Indirect cost allocated Job 215 Job 325 464.20 $ 1,856.80 More info Budgeted Overhead Budgeted Quantity $ 25,600 Activity Driver Purchased orders processed of Activity Driver 1,600 32,900 Material moves 4,700 150,000 Machine-hours 10,000 11,200 Inspections 1,600 12,400 Units produced 3,100 $ 232,100 Requirement 2. Compute the total overhead allocated to each job under an activity-based costing system using the appro mach. = machine, maint. = maintenance, mat. = material, purch. = purchase, qty = quantity, prod. = produced.) Purchasing Bgt. cost of activity 1600 Bgt. total qty, of cost allocation base 16 ABC allocation rate 1000 per mach. hour Information related to Job 215 and Job 325 follows. Job 215 incurs more batch-level costs because it uses more types of materials that need to be purchased, moved, and inspected relative to Job 325. Help me solve this Etext pages Calculator Job 215 Job 325 Number of purchase orders 26 5 Number of material moves 14 3 Machine-hours 20 80 Number of Inspections 12 5 Units produced 16 6 Print Done - X