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much appreciated! A company has identified the following overhead costs and cost drivers for the coming year: | Budgeted Cost $ 32,500 142,500 Budgeted Activity
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A company has identified the following overhead costs and cost drivers for the coming year: | Budgeted Cost $ 32,500 142,500 Budgeted Activity Level 250 4,750 Overhead Item Machine setup Inspection Material handling Engineering Cost Driver Number of setups Number of inspections Number of material moves Engineering hours 110,500 6,500 19,500 650 Budgeted direct labor cost was $152,500 and budgeted direct material cost was $425,000. The following information was collected on three jobs that were completed during the year: Job 101 Job 102Job 103 $ 6,000 $ 11,000 $ 7,000 Direct materials $ 2,600 $ 2,600||$ 5,200 150 Direct labor Units completed Number of setups Number of inspections Number of material moves Engineering hours 50 || 25 | 111 21 1051 15 || 5 || 511 25 1 40 8 The company prices its products at 150% of cost. If the company uses activity-based costing (ABC), the price of each unit of Job 103 would be (Round your final answer to 2 decimal places.) Multiple Choice o $138.30 o $144.35. o $120.00. o $276.60Step by Step Solution
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