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lob Costs Using Activity-Based Costing Reider Company is a job-order costing firm that uses activity-based costing to apply overtiead to jobs. Reider identified three overhead activities and related drivers. Budgeted infor for the year is as follows: Meloer worked on four jobs in July. Data are as follows: Qy July 31, Jobs 13-43 and 1344 were completed and sold. 1obs 1345 and 1346 were sted in process. Requiredi 1. Calculate the activity rates for each of the three overhead activities. Round all activity rates to the nearest cent. frement - Owok My Wse 1. In job-order costing, departmental overthead rates and activity-based costing affect only the apolication of overthead which is put on the job-arder costing sheet and must incluct all drivers for which overthead is appled. 2. Prepare job-order cost sheets for each job showing all costs through fuly 31. When required, round your answers to the nearest dollar, if an amount is zero, enter " 0 ", 2. Piepare job-order cost sheets for each job showing all costs through July 31 . When required, round your answers to the nearest dollar, if an amount is zero, enter " 0 ". Reider Company Job-Order Cost Sheets T Check bi wos 2. The job-order cost theet must inciude a unique number or name for this particular fob, all direct coste, and all overtiead costs associated with the job. 3. Calculate the balance in Work in Process on July 31 . 13 4. Calicuate the cost of poods sold for July. 3 5. What if Job 1346 required no engineering change orders? What is the difference in the new cost of Job 13-467 How would the cost af the other jobs be affected? Fentlana - Crea by weit 3. The balance in Work in Process can be computed by sumrting the costs of all incomplete jobs. 4. Cost of Goods 5elld miust be the total cost of ali jobs sald dising the month. See Example 5,3