Page Break- Problem 4 (20 in its production process, Oxford Corporation has four categories of overhead. Below is a schedule of their fiscal year 20x1 budgeted overhead costs and budgeted overhead cost driver activity for each overhead category: Overhead Bem Overhead Bems and Related Cost Drivers Setup costs Ordering costs Maintenance Power Budgeted Costs $583,200 Cost Driver Number of setups Budgeted Quantity 2,400 270,000 Number of orders 20,000 928,000 Machine-hours 32,000 90,000 Kilowatt-hours 200,000 Oxford Corporation follows a job order cost system. Currently, in-house they have two activity production jobs. Following is a schedule detailing cost and cost driver activity for January 20x1: Actual Cost, Units Produced & Cost Driver Activity For month-ending January 20x1 Job 626 Direct production costs Direct materials $9,000 Direct labor $12,000 Job 027 $10,000 $7,000 Actual units produced and cost driver activity Units produced 750 600 Direct labor-hours 45 110 Number of setups 6 7 Number of orders 8 15 Machine-hours 180 150 Kilowatt-hours 90 120 Required a Prepare a schedule showing the cost driver allocation rates for allocating Oxford's overhead cost to Job 07 (Round amounts to 2 decimal places.) and poet to each of Job 626 and Job 627. Problem.4 in its production process, Oxford Corporation has four categories of overhead. Below is a schedule of their fiscal year 20x1 budgeted overhead costs and budgeted overhead cost driver activity for each overhead category: Overhead tem Setup costs Ordering costs Maintenance Power Overhead Rems and Related Cost Drivers Cont Driver Budgeted Costs $583,200 Number of setupa Budgeted Quantity 2.400 270,000 Number of orders 20,000 $25,000 Machine-hours 32,000 90,000 Kilowatt-hours 200,000 Oxford Corporation follows a job order cost system. Currently, in-house they have two activity production jobs Following is a schedule detailing cost and cost driver activity for January 20x1: Actual Cost, Units Produced & Cost Driver Activity For month-ending January 20x1 Job 26 Job 627 Direct production costs w Direct materials Direct labor $9.000 $12,000 $10,000 $7,000 Actual units produced and cost driver estivity Units produced 750 600 Direct labor-hours 45 110 Number of setups 7 Number of orders 8 15 Machine-hours 180 150 Kilowatt-hours 90 120 Required a Prepare a schedule showing the cost driver allocation rates for allocating Oxford's overhead cost to Job 626 and Job 627. (Round amounts to 2 decimal places.) b. Using the allocation rates derived above, allocate the overhead cost to each of Job 626 and Job 627. c. Prepare a schedule detaling Total Production Cost and Production Cost per unit for each of Job 628 and Inh 627 fo Problem 4 in its production process, Oxford Corporation has four categories of overhead. Below is a schedule of their fiscal year 20x1 budgeted overhead costs and budgeted overhead cost driver activity for each overhead category Overhead Items and Related Cost Drivers Overhead Item Setup costs Ordering costs Maintenance Power Budgeted Costs $583,200 270,000 Cost Driver Number of setups Number of orders Budgeted Quantity 2,400 20,000 $28,000 Machine-hours 32,000 90,000 Kilowatt-hours 200,000 Oxford Corporation follows a job order cost system. Currently, in-house they have two activity production jobs. Following is a schedule detailing cost and cost driver activity for January 20x1: Actual Cost Units Produced & Cost Driver Activity For month-ending January 20x1 Direct production cost Job 620 $9,000 $12,000 Job 27 $10,000 $7,000 Direct materials Direct labor Actual units produced and cost driver activity Units produced 750 600 Direct labor-hours 45 110 Number of setups 6 7 Number of orders 8 15 Machine-hours 180 150 Kilowatt-hours 90 120 Required Prepare a schedule showing the cost driver allocation rates for allocating Oxford's overhead cost to Job 626 and Job 627. (Round amounts to 2 decimal places.) b. Using the allocation rates derived above, allocate the overhead cost to each of Job 626 and Job 627. c. Prepare a schedule detailing Total Production Cost and Production Cost per unit for each of Job 626 and 27