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(Click the icon to view the ABC information) (Click the icon to view the records for two clients Using a job order costing system. Peaton Computer Company estimated the total cost of two jobs as follows: Click the icon to view the estimates under job costing) Peaton Computer Company is now considering using an ABC system Information about ABC costs and records for the same two jobs for 2020 follow Read the requirements Requirement 1. Compute the total cost for each job using activity-based costing (ABC). The cost of direct laboris $23 per hour Activity-based costing Job 721 Job 722 Direct costs Indirect costs Total costs X 1 Reference Job 722 Standard costing (single plantwide rate): Job 721 Direct materials 5 20.500 5 Direct labor 19.550 7.820 Manufacturing overhead $ Total cost 47,970 S 1 900 2,300 920 5,120 Direct labor calculated as follows: Hours per job Direct labor cost per hour Job 721 850 $ 23 Job 722 100 $ 23 Total direct labor costs per job S 19.550 -$ 2.300 ** Manufacturing overhead calculated as follows: = Total direct labor costs per job 19.550 2.300 Predetermined OH location rate 40% 40% Manufacturing OH located 7.820 920 $ Job 721 Job 722 $ $ $ Print Done Data Table Predetermined Overhead Allocation Rate Allocation Base 0.10 Activity Assembly Programming Testing Number of parts Number of direct labor hours Number of tests 7.00 120.00 Print Done the total cost for each job using activity-based costing (ABC). The cost of direct laboris $23 per hour. Job 721 Job 722 Data Table Total Direct Materials Costs Total Number of Parts Total Direct Labor Hours Total Number of Tests Job 44 Job 721 20,600 2.600 850 1.900 400 100 11 Job 722 Print Done garder conting som en Computer Company stated the total cost of Click the can to view the entender conting) Pecan Computer Company is now considering in an ABC system information about ABCs and records the same for 2020 follow the con to view the ABC imio Cite to view the records de la chies Headem Remem 1. Compute the total cost for eaching activity-based cong (ABC) The cost of director is 23 por out Activity based costing Job 721 Job 722 Data Table Ducts Toal. Det Job Materials Costs Job 721 1 20600 Job 122 1500 Total Number of Tests Namber of Parts 2.500 00 Total Hours 650 100 11 Print Done Choose boerder any number in the input fields and then click Checker Clear All Check Answer Osinbadet casting an eatin Compute Company stated the cost of the Click the con la vw the sites under con ration Camp Company has now come an Aceho tomto bo i costs and record for the same won for 2020 kw Click to the Ancho cha contowwe mcorde wat Header Requirement i Compute the total cost for aching the couting AC Teco of laboris 23 Activity based costing Job 721 Job 722 Data Table De costs Indo con Activity Asy Programming location Numbe parts Nuber of direct laborum Number of Preddvad Allocation Rate 5 010 700 120 00 Print Done Choose from any list or enter any number in the input fields and then chek Check Answer Reference Using a job ordet ming wstem Pest Computer Company dated the softwa Click that was not about Paten Campus Company is now.com ABC Indomason show for the same fess to 2020 flow Job 122 Requirement Computer the total cost for each ob using activity (NIC) The.com Activity based coating Job 721 Job 722 Standard continuingle powder 721 Dodat 20.00 Der 19.50 Mariling 7100 7,50 Total cost 200 Ortoon 120 Olhor calcio Indirecta Yolder 15 2.500 Host Job 21 356 - 23 Job 100 - 23 ** Mango Pred Choose from any store any number in minutes and then die Check Punt Done Answer 1919 FM - Reference st UELLTITETTais 1,00 Direct labor ZUUUU 19,550 7,820 2,300 920 to Manufacturing overhead** $ 47,970 $ 5,120 Total cost Direct labor calculated as follows: Hours per job 850 Job 721 * Direct labor cost per hour * $ 23 * $ 23 11 Total direct labor costs per job $ 19,550 $ 2,300 Job 722 100 11 Manufacturing overhead calculated as follows: Predetermined X OH allocation rate Total direct labor costs per job 19,550 2,300 Manufacturing OH allocated 7,820 Job 721 $ 40% 1 $ $ Job 722 $ X 40% TI 920 Using a job order costing system. Peaton Computer Company estimated the total cost of two jobs as follows: Click the icon to view the estimates under ob costing) Peaton Computer Company is now considering using an ABC system Information about ABC costs and records for the same two jobs for 2020 follow (Click the icon to view the ABC information) Click the icon to view the records for two clients Read the requirements Requirement 1. Compute the total cost for each Job using activity-based costing (ABC). The cost of direct labor is $23 per hour, Activity-based costing: Job 721 Job 722 Direct costs Indirect costs Total costs X 1 Reference Job 722 1 900 Standard costing (single plantwide rate): Job 721 Direct materials 5 20,500 5 Direct labor 19.550 7.820 Manufacturing overhead $ Total cost 47,970 5 2,300 920 5,120 Direct labor calculated as follows: Hours per job Direct labor cost per hour Job 721 850 $ 23 Job 722 100 $ 23 Total direct labor costs per job S 19.550 $ 2.300 ** Manufacturing overhead calculated as follows Total direct labor costs per job 19.550 2.300 Predetermined OH alocation rate 40% 40% Manufacturing OH located 7.820 Job 721 $ $ Job 722 $ $ 920 Print Done Data Table Predetermined Overhead Allocation Rate Allocation Base 0.10 Activity Assembly Programming Testing Number of parts Number of direct labor hours Number of tests 7.00 120.00 Print Done the total cost for each job using activity-based costing (ABC). The cost of direct labor is $23 per hour. Job 721 Job 722 Data Table Total Direct Materials Costs Total Number of Parts Total Direct Labor Hours Total Number of Tests Job 44 Job 721 20,600 2.600 850 11 Job 722 1.900 400 100 Print Done - X Requirements 1. Compute the total cost for each job using activity-based costing. The cost of direct labor is $23 per hour. 2. Is the job cost greater or less than that computed under standard costing for each job? Why? 3. If Peaton Computer Company wants to earn an operating income equal to 50% of the total cost, what sales price should it charge each of these two customers? UV $50 $20 Print Done 70 Then CICK Check Answer Hours per job 850 * Direct labor cost per hour 23 11 Job 721 Job 722 11 100 23