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Traditional Product Costing versus Activity-Based Costing Ridgeland Inc. makes backpacks for large sporting goods chains that are sold under the customers' store brand names. The Accounting Department has identified the following overhead costs and cost drivers for next year Overhead Item Expected Costs Cost Driver Setup costs Ordering costs Maintenance Power Maximum Quantity 7,200 65,000 80,000 440,000 $489,600 Number of setups 130,000 Number of orders 920,000 Number of machine hours 88,000 Number of kilowatt hours Total predicted direct labor hours for next year is 42,500. The following data are for two recently completed jobs: Cost of direct materials Cost of direct labor Number of units completed Number of direct labor hours Number of setups Number of orders Number of machine hours Number of kilowatt hours Job 201 Job 202 $10,500 $12,000 $18,600 $62,300 900 750 220 270 15 19 21 42 450 360 200 300 a. Determine the unit cost for each job using a traditional plantwide overhead rate based on direct labor hours. Round cost per unit answers to two decimal places when applicable Job 201 Job 202 Direct materials $ Traditional Product Costing versus Activity-Based Costing Ridgeland Inc. makes backpacks for large sporting goods chains that are sold under the customers' store brand names. The Accounting Department has identified the following overhead costs and cost drivers for next year Overhead Item Expected Costs Cost Driver Setup costs Ordering costs Maintenance Power Maximum Quantity 7,200 65,000 80,000 440,000 $489,600 Number of setups 130,000 Number of orders 920,000 Number of machine hours 88,000 Number of kilowatt hours Total predicted direct labor hours for next year is 42,500. The following data are for two recently completed jobs: Cost of direct materials Cost of direct labor Number of units completed Number of direct labor hours Number of setups Number of orders Number of machine hours Number of kilowatt hours Job 201 Job 202 $10,500 $12,000 $18,600 $62,300 900 750 220 270 15 19 21 42 450 360 200 300 a. Determine the unit cost for each job using a traditional plantwide overhead rate based on direct labor hours. Round cost per unit answers to two decimal places when applicable Job 201 Job 202 Direct materials $