Exercise 7A-1 Time-Driven Activity-Based Costing [LO 7-6) Saratoga Company manufactures Jobs to customer specifications. The company is conducting a time-driven activity-based costing study In Its Purchasing Department to better understand how Purchasing Department labor costs are consumed by Individual Jobs. To ald the study, the company provided the following data regarding Its Purchasing Department and three of its many Jobs: Number of employees Average salary per employee Weeks of employment per year Hours worked per week Practical capacity percentage 14 $ 32, see 52 48 85% Requisition Processing 15 Bid Evaluation 45 Inspection 30 Minutes per unit of the activity Job z 4 Number of requisitions processed Number of bid evaluations Number of inspections Job X 8 2 5 Job Y 5 1 1 3 5 Required: 1. Calculate the cost per minute of the resource supplied in the Purchasing Department. 2. Calculate the time-driven activity rate for each of Saratoga's three activities. 3. Calculate the total purchasing labor costs assigned to Job X, Job Y, and Job Z. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the cost per minute of the resource supplied in the Purchasing Department. (Round your final answer to 2 decimal places.) Cost per minute of the resource supplied 1. Calculate the cost per minute of the resource supplied in the Purchasing Department. 2. Calculate the time-driven activity rate for each of Saratoga's three activities. 3. Calculate the total purchasing labor costs assigned to Job X, Job Y, and Job Z. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the time-driven activity rate for each of Saratoga's three activities. (Round your intermediate calculations and final answers to 2 decimal places.) Requisition Processing Bid Evaluation Inspection Time-driven activity rate Number of inspections 5 Required: 1. Calculate the cost per minute of the resource supplied in the Purchasing Department. 2. Calculate the time-driven activity rate for each of Saratoga's three activities. 3. Calculate the total purchasing labor costs assigned to Job X, Job Y, and Job Z. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the total purchasing labor costs assigned to Job X, Job Y, and Job Z. (Round your intermediate calculations and final answers to 2 decimal places.) Job X Job Y Job Z Total purchasing labor costs assigned to jobs