Jammy Joo plc has identified the following overhead costs and cost drivers for next year:

$$

Overhead Item Expected Cost Cost Driver Expected Quantity

Setup costs $330,000$ Number of setups $4,200$

Ordering costs $110,000$ Number of orders $20,500$

Maintenance $475,000$ Machine hours $24,000$

Power $40,000$ Kilowatt hours $160,000$

$$

The following are two of the jobs completed during the year:

$$

Job X Job Y

Direct materials $7,50018,875$

Direct labour $6,50012,500$

Units completed $8101,620$

Direct labour hours $240500$

Number of setups $1121$

Number of orders $2140$

Machine hours $402605$

Kilowatt hours $279380$

$$

Jammy Joo plc $\text{'}$s normal activity is $33,000$ direct labour hours.

$$

Answer the following MCQ questions using the above information:

$1.$ Using traditional costing systems, what are the product costs to be assigned to Job X$?$

$-[]7,500$

$-[]14,000$

$-[]6,500$

$-[]$ None of the above

$2.$ What is the overhead unit cost to be applied to Job X$?$

$-[]28\mathrm{.}94$

$-[]0\mathrm{.}20$

$-[]0\mathrm{.}42$

$-[]27\mathrm{.}08$

$3.$ What is the total overhead to be assigned to Job X$?$

$-[]47\mathrm{.}25$

$-[]6945\mathrm{.}60$

$-[]100\mathrm{.}80$

$-[]6499\mathrm{.}20$

$4.$ What is the total unit cost for Job X$?$

$-[]17\mathrm{.}28$

$-[]25\mathrm{.}86$

$-[]25\mathrm{.}30$

$-[]17\mathrm{.}34$

$5.$ What is the unit cost for Job Y$?$

$-[]$ None of the above

$-[]19\mathrm{.}36$

$-[]62\mathrm{.}75$

$-[]28\mathrm{.}30$

$6.$ Related to part B of the question, what is the cost per set up$?$

$-[]200$

$-[]381\mathrm{.}81$

$-[]131\mathrm{.}25$

$-[]78\mathrm{.}57$

$7.$ Related to part B of the question, what is the cost per order?

$-[]39\mathrm{.}84$

$-[]336\mathrm{.}06$

$-[]5\mathrm{.}37$

$-[]45\mathrm{.}27$

$8.$ Related to part B of the question, what is the cost per machine hour?

$-[]195\mathrm{.}47$

$-[]19\mathrm{.}79$

$-[]2\mathrm{.}41$

$-[]23\mathrm{.}83$

$9.$ Related to part B of the question, what is the cost per kilowatt hour?

$-[]16\mathrm{.}46$

$-[]3\mathrm{.}69$

$-[]242\mathrm{.}80$

$-[]0\mathrm{.}25$

$10.$ Using Activity Based Costing systems, what are the product costs to be assigned to Job X$?$

$-[]7,500$

$-[]$ None of the above

$-[]6,500$

$-[]14,000$

$11.$ The total cost for Job X using Activity Based Costing is$?$

$12.$ The unit cost for Job X using Activity Based Costing is $?$

$13.$ The total cost for Job Y using Activity Based Costing is $?$

$14.$ The unit cost for Job Y using Activity Based Costing is $?$

$15.$ Which method produces the more accurate cost assignment and why? Briefly discuss your reasons.