Homework: chapter 5 HW Save Score: 1.18 of 30 pts 3016(6 complete) HW Score: 68.38%, 85.47 of 125 pts E5-25 (similar to) Question Help * To see how activity-based costing would affect the costs of standard and special jobs, Kraftprint collects the following information for the fiscal year 2017 that just ended. EEB (Click the icon to view the information.) Read the roquirements Kraftprint Corporation owns a small printing press that prints leaflets, brochures, and advertising materials. Kraftprint classifies its various printing jobs as standard jobs or special jobs. (Click the icon to view additional information.) Requirement 1. Calculate the cost of a standard job and a special job under the simple costing system. (Round interimRequirements Standard Simple Costing System Cost of supplies per job Direct manufacturing labor cost per job Indirect cost allocated to each job Total costs Requirement 2. Caculate 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 Administration to five decimal placos, X.Xxxxx.) Job Job 120.00 S 120.00 601.51 300.00 240.00 601.51 1,141.51 1. 2. 3. Calculate the cost of a standard job and a special job under the simple costing system. Calculate the cost of a standard job and a special job under the activity-based costing system. Compare the costs of a standard job and a special jcb 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 Kraftprint use the new cost information from its activity-based costing system to better manage its business? Print Done ABC Allocation rate More Info Machine operations Kraftprint's simple job-costing system has two direct-cost categories (direct materials and direct labor) and a single indirect-cost pool. Kraftprint operates at capacity and allocates all indirect costs using printing machine-hours as the allocation base. Kraftprint 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. Kraftprint'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 sk categories for assigning indirect costs: design, purchasing, setup, printing machine operations, marketing, and administration. Choose from any list or enter any number in the input fields and then click Check Answer PrintDone Clear All Check