I need help with the Standard Job section in requirement 2. Thank you

0 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 Kraftprint use the new cost information from its activity-based costing system to better manage its business? A 1 2 Number of printing jobs 3 Price per job 4 Cost of supplies per job 5 Direct labor costs per job 6 Printing machine-hours per job EA 7 Cost of printing machine operations 8 Setup-hours per job 9 Setup costs 10 Total number of purchase orders B D E Cause-and-Effect Relationship Between Standard Job Special Job Total Allocation Base and Activity Cost 800 400 $ 1,600 $ 2,100 $ 220 $ 330 150 $ 220 10 10 Indirect costs of operating printing machines $ 312,000 increase with printing machine-hours 7 8 $ 255,200 Indirect setup costs increase with setup-hours 360 460 Indirect purchase order costs increase with 27,880 number of purchase orders Design costs are allocated to standard and special jobs based on a special study of the design $ 6,000 $ 36,000 $ 42,000 department 6% 6% $ 127,200 Demand for administrative resources increases 97,760 with direct labor costs 11 Purchase order costs $ 12 Design costs 13 Marketing costs as a percentage of revenues 14 Administration costs Kraftprint Corporation owns a small printing press that prints To see how activity-based costing would affect the costs of leaflets, brochures, and advertising materials. Kraftprint classifies standard and special jobs, Kraftprint collects the following its various printing jobs as standard jobs or special jobs. information for the fiscal year 2017 that just ended. (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.) Standard Special Simple Costing System Job Job Cost of supplies per job 220.00 $ 330.00 Direct manufacturing labor cost per job 150.00 220.00 718.37 Indirect cost allocated to each job 718.37 Total costs 1,088.37 $ 1,268.37 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) Total cost of activity Total qty consumed ABC Allocation rate Machine operations $ 312,000 12,000 = $ 26.00 per machine-hour Setups $ 255,200 8,800 29.00 per setup-hour Purchase orders 27,880 820 34.00 per purchase order Administration 97,760 208,000 $ 0.47000 per $ of DM labor cost = - . 11 RA $ $ $ 1 11 . $ Now, completing the table for total costs of standard jobs, special jobs and then cost per job for each type of job. (Round your answers to the nearest whole dollar except cost per job. Round cost per job to the nearest cent.) Standard Job 160000 120000 ABC Costing System Cost of supplies Direct manufacturing labor costs Indirect costs allocated: Machine operations Setups Purchase orders Design Marketing Administration Total costs 208000 162400 12240 6000 76800 56400 801840