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%E5-25 (algo) Artprint Corporation owns a small printing press that prints leaflets, brochures, and advertising materials Artprint classes its various printing jobs as standard jobs or specialjobs (Click the icon to view additional information) To see how activity based costing would affect the costs of standard and specialjobs, Artprint collects following information for the fiscal year 2017 that just ended, (Click the icon to view the information) Read the Locurement Requirement 2. Calculate the cost of a standard job and a specialjob under the activity-based costing system Begin by calculating the allocation rates for the following activities Abbreviations used: $ Dollar, DM Direct manufacturing, Oly. - Quantity Round the allocation rates to the nearest cent for all activities except Administration round Administration to five decimal places, X.XXXX) Total cost of activity Totally consumed ABC Allocation rate Machine operations S 957,000 1 33 000 29.00 per machine-hour Setups $ 422.400 13,200 $ 32.00 per setup-hour Purchase orders $ 28,860 780 37.00 per purchase order Administration 316910 pers of DM labor cost Choose from any list or only number in the input fields and then click Check Answer - X Requirements 1. Calculate the cost of a standard job and a special job under the simple costing system. 2. Calculate the cost of a standard job and a special job under the activity-based costing system. 3. Compare the costs of a standard job and a special job in requirements 1 and 2. Why do the simple and activity-based costing systems differ in the cost of a standard job and a special job? 4. How might Artprint use the new cost information from its activity-based costing system to better manage its business? Print Done Clear All 1 of 1 (1 complete) HW Score: 43.149 Data Table hall intir Tition Cause-and-Effect Relationship Between Allocation Base and Activity Cost Total Cos Number of printing jobs Price per job Cost of supplies per job Direct labor costs per job Printing machine-hours per job Cost of printing machine operations Standard Job Special Job 2,200 1,100 $ 1,300 $ 1,700 $ 100 $ 260 $ 220 $ 230 ation strati otal of 10 10 $ 957,000 Indirect costs of operating printing machines increase with printing machine-hours 3 6 Setup-hours per job Setup costs $ 422.400 Indirect setup costs increase with setup-hours er any Print Done HW Score: 43 1 of 1 (1 complete) i Data Table increase with printing machine-hours 3 6 S 422,400 Indirect setup costs increase with setup-hours Setup-hours per job Setup costs Total number of purchase orders Purchase order costs 340 440 $ $ 9,000 $ Design costs 37,000 $ 28,860 Indirect purchase order costs increase with number of purchase orders 46,000 Design costs are allocated to standard and special jobs based on a special study of the design department 189,200 316,910 Demand for administrative resources increases with direct labor costs 4% 4% $ Marketing costs as a percentage of revenues Administration costs $ Print Done