Digiprint Corporation owns a small printing press that prints leaflets, brochures, and advertising materials. Digiprint classifies its various printing jobs as standard jobs or special jobs. To see how activity-based costing would affect the costs of standard and special jobs, Digiprint collects the following information for the fiscal year 2020 that just ended. i (Click the icon to view additional information.) (Click the icon to view the information.) Read the requirements. Requirement 1. Calculate the cost of a standard job and a special job under the simple costing system. (Round interim calculations to three decimal places, X.XXX and your final answers to the nearest cent, X.XX.) Simple Costing System Standard Job Special Job Cost of supplies per job Direct manufacturing labor cost per job Indirect cost allocated to each job Total costs 130.00 $ 210.00 562.40 902.40 $ 300.00 250.00 562.40 1,112.40 Requirement 2. Calculate the cost of a standard job and a special job under the activity-based costing system. Begin by calculating the allocation rates for the following activities. (Abbreviations used: $ = Dollar, DM = Direct manufacturing, Qty. = Quantity. Round the allocation rates to the nearest cent for all activities except Administration; round Administration to five decimal places, X.XXXXX.) Machine operations Total cost of activity 330000 Total # of purchase orders 1500 ABC Allocation rate 220 per $ of sales Digiprint Corporation owns a small printing press that prints leaflets, brochures, and advertising materials. Digiprint classifies its various printing jobs as standard jobs or i (Click the icon to view additional info Data table To see how activity-based costing would affect the costs of standard and special jobs, Digiprint collects the following x A Standard Job Special Job Total Requirement 1. Calculate the cost of a s 2 Number of printing jobs 1,000 Price per job $ 1,300 $ 500 1,700 Simple Costing System 4 Cost of supplies per job $ 130 $ 300 Cost of supplies per job 5 Direct labor costs per job 210 $ 250 Direct manufacturing labor cost per job 6 Printing machine-hours per job 10 10 Indirect cost allocated to each job 7 Cost of printing machine operations Total costs 8 Setup-hours per job 5 7 Requirement 2. Calculate the cost of a s 9 Setup costs Begin by calculating the allocation rates f decimal places, X.XXXXX.) 10 Total number of purchase orders 310 410 Total cost of a 11 Purchase order costs $ Machine operations 330000 12 Design costs 13 Marketing costs as a percentage of revenues 14 Administration costs 5,000 $ 5% 33,000 $ 38,000 5% $ 107,500 E Cause-and-Effect Relationship Between Allocation Base and Activity Cost Indirect costs of operating printing machines $ 330,000 increase with printing machine-hours $ 212,500 Indirect setup costs increase with setup-hours Indirect purchase order costs increase with 21,600 number of purchase orders Design costs are allocated to standard and special jobs based on a special study of the design department Demand for administrative resources increases $ 134,000 with direct labor costs Print Done nistration; round Administration to five Digiprint Corporation owns a small printing press that prints leaflets, brochures, and advertising materials. Digiprint classifies its various printing jobs as standard jobs or special jobs. i (Click the icon to view additional information.) To see how activity-based costing would affect the costs of standard and special jobs, Digiprint collects the following information for the fiscal year 2020 that just ended. (Click the icon to view the information.) Read the requirements. Requirement 1. Calculate the cost of a standard job and a special job under the simple costing system. (Round interim calculations to three decimal places, X.XXX and your final answers to the nearest cent, X.XX.) Standard Simple Costing System Cost of supplies per job Direct manufacturing labor cost per job Indirect cost allocated to each job Total costs Job 130.00 $ 210.00 562.40 902.40 Requirement 2. Calculate the cost of a standard job and a special job Begin by calculating the allocation rates for the following activities. (Ab decimal places, X.XXXXX.) Machine operations Total cost of activity 330000 Total # of pu 15 More info Digiprint's simple job-costing system has two direct-cost categories (direct materials and direct labor) and a single indirect-cost pool. Digiprint operates at capacity and allocates all indirect costs using printing machine-hours as the allocation base. Digiprint is concerned about the accuracy of the costs assigned to standard and special jobs and therefore is planning to implement an activity-based costing system. Digiprint's ABC system would have the same direct-cost categories as its simple costing system. However, instead of a single indirect-cost pool there would now be six categories for assigning indirect costs: design, purchasing, setup, printing machine operations, marketing, and administration. he nearest cent for all activities except Administration; round Administration to five Print Done