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Current Attempt in Progress The Laramie Printing Company prints limited edition art books with production runs of 15,000 to 100,000. It has recently adopted an

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Current Attempt in Progress The Laramie Printing Company prints limited edition art books with production runs of 15,000 to 100,000. It has recently adopted an activity-based costing system to assign manufacturing overhead to products. The following data relate to one product, Art of Design, and the ABC cost pools: Art of Design: Annual production Direct materials per unit Direct labor per unit 40.800 units $37 $8 Manufacturing overhead cost pools: Cost Pool Cost Materials ordering $ 840,000 Materials inspection 525,000 Equipment setup 2,500,030 Quality control 1,000,000 Other 25,000,000 Total manufacturing overhead $29,865,030 Cost Driver Number of purchase orders Number of receiving reports Number of setups Number of inspections Direct labor cost Annual activity information related to cost drivers: Cost Pool All Books Materials ordering 120,000 purchase orders Materials inspection 2,100 receiving reports Equipment setup 130 setups Quality control 5,000 inspections Other $12,500,000 direct labor cost Art of Design 1,200 312 1 500 $320,000 Calculate the overhead rate per unit of activity for each of the five cost pools. Cost pool rate Cost Pool Materials ordering $ Materials inspection $ Enument con O - a Cost pool rate Cost Pool Materials ordering $ Materials inspection $ Equipment setup $ Quality control $ Other $ eTextbook and Media Calculate the total overhead assigned to the production of the Art of Design Total overhead assigned $ e Textbook and Media Calculate the overhead cost per unit for the Art of Design. (Round answer to 2 decimal places, eg. 15.25.) Overhead cost per unit $ e Textbook and Media Calculate the total unit cost for the Art of Design (Round answer to 2 decimal places, s. 15.25) Total cost per un $ o Calculate the overhead cost per unit for the Art of Design. (Round answer to 2 decimal places, eg. 15.25.) Overhead cost per unit $ eTextbook and Media Calculate the total unit cost for the Art of Design. (Round answer to 2 decimal places, e.g. 15.25) Total cost per unit $ e Textbook and Media Suppose that Laramie Printing allocates overhead by a traditional production volume-based method using direct labor dollars as the allocation base and one cost pool. Determine the overhead rate per direct labor dollar and the per unit overhead assigned to the Art of Design (Round answer to 2 decimal places, eg. 15.25.) Overhead rate $ per direct labor dollar per unit in the Art of Design department Overhead assigned $ Total cost $ per unit e Textbook and Media

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