Question 2, E5-25 (simila... HW Score: 12.98%, 0.52 of 4 points A Data Table B D 1 E Cause-and-Effect Relationship Between Allocation Base and Activity Cost Total 2 Number of printing jobs 3 Price per job 4 Cost of supplies per job 5 Direct labor costs per job 6 Printing machine-hours per job 4 Standard Job Special Job 800 400 $ 1,500 $ 1,600 $ 230 $ 270 $ 160 $ 180 10 10 Indirect costs of operating printing machines $336,000 increase with printing machine-hours 3 7 7 Cost of printing machine operations 8 Setup-hours per job 9 Setup costs 10 Total number of purchase orders 11 Purchase order costs $ 161,200 Indirect setup costs increase with setup-hours 370 470 S Indirect purchase order costs increase with 30,240 number of purchase orders Design costs are allocated to standard and special lobs based on a special study of the design Print Done N VN W Save Homework: Practice Homework - ... Question 2, E5-25 (simila... HW Score: 12.98%, 0.52 of 4 points Part 7 of 11 Points: 0.29 of 1 Save Kraftprint Corporation owns a small printing press that prints leaflets, brochures, and advertising materials Kraftprint classifies its various printing jobs as standard jobs or specialjobs. To see how activity-based costing would affect the costs of standard and specialjobs Kraftprint collects the following information for the fiscal year 2020 that just ended (Click the icon to view additional information) m (Click the icon to view the information Read the requirements CE Requirement 1. Calculate the cost of a standard job and a special ob under the simple costing system. (Round interim calculations to three decimal places, XXXX and your finales to the nearest cant XXX.) Standard Special I Simple Costing System Job Job Cost of supplies per job $ 230.00 $ 270.00 Direct manufacturing labor cost per job 160.00 180.00 Indirect cost allocated to each job 611.20 $ 1.001.2005 1.00120 Total costs Requirement 2. Calculate the cost of a standard job and a special job under the activity-based costing system. Begin by calculating the allocation rates for the following activities (Abbreviations used. S-Dollar OM Direct manufacturing, aty - Cantity. Round the location rates to the nearest cont for al activities except Administration round Administration to five decimal places, X XXXXX) Total cost of activity Total aty consumed ABC Alocation rate 336.000 Machine operations $ 12.000 $ 28.00 per machine-hour $ 8.200 Setups $ 161,200 35.00 per sotup-hour $ 30,240 840 Purchase orders $ 36.00 per purchase order 611.20 F Uw in intormation Read the requirements Administration $ 30,000 200,000 0.40000 per 5 of OM labor cost Now, completing the table for total costs of standard jobs, special jobs and then cost per job for each type of job (Round your answers to the nearest whole dollar oncept per job to the nearest cent.) Standard ABC Costing System Job Cost of supplies Direct manufacturing labor costs Indirect costs allocated: Machine operations Setups Purchase orders Design Marketing Administration Total costs VN KI 26 MacBook Pro c Q Search Provider 00 6 7 8 5 3 More Info Kraftprint's simple job-costing system has two direct-cost categories (direct materials and direct labor) and a single indirect-cost pool. Kraftprint operates at capacity and allocates all indirect costs using printing machine-hours as the allocation base. Kraftprint is concerned about the accuracy of the costs assigned to standard and special jobs and therefore is planning to implement an activity-based costing system. Kraftprint's ABC system would have the same direct-cost categories as its simple costing system. However, instead of a single indirect-cost pool there would now be six categories for assigning indirect costs: design, purchasing, setup, printing machine operations, marketing, and administration. Print Done Question 2, E5-25 (simila... HW Score: 12.98%, 0.52 of 4 points A Data Table B D 1 E Cause-and-Effect Relationship Between Allocation Base and Activity Cost Total 2 Number of printing jobs 3 Price per job 4 Cost of supplies per job 5 Direct labor costs per job 6 Printing machine-hours per job 4 Standard Job Special Job 800 400 $ 1,500 $ 1,600 $ 230 $ 270 $ 160 $ 180 10 10 Indirect costs of operating printing machines $336,000 increase with printing machine-hours 3 7 7 Cost of printing machine operations 8 Setup-hours per job 9 Setup costs 10 Total number of purchase orders 11 Purchase order costs $ 161,200 Indirect setup costs increase with setup-hours 370 470 S Indirect purchase order costs increase with 30,240 number of purchase orders Design costs are allocated to standard and special lobs based on a special study of the design Print Done N VN W Save Homework: Practice Homework - ... Question 2, E5-25 (simila... HW Score: 12.98%, 0.52 of 4 points Part 7 of 11 Points: 0.29 of 1 Save Kraftprint Corporation owns a small printing press that prints leaflets, brochures, and advertising materials Kraftprint classifies its various printing jobs as standard jobs or specialjobs. To see how activity-based costing would affect the costs of standard and specialjobs Kraftprint collects the following information for the fiscal year 2020 that just ended (Click the icon to view additional information) m (Click the icon to view the information Read the requirements CE Requirement 1. Calculate the cost of a standard job and a special ob under the simple costing system. (Round interim calculations to three decimal places, XXXX and your finales to the nearest cant XXX.) Standard Special I Simple Costing System Job Job Cost of supplies per job $ 230.00 $ 270.00 Direct manufacturing labor cost per job 160.00 180.00 Indirect cost allocated to each job 611.20 $ 1.001.2005 1.00120 Total costs Requirement 2. Calculate the cost of a standard job and a special job under the activity-based costing system. Begin by calculating the allocation rates for the following activities (Abbreviations used. S-Dollar OM Direct manufacturing, aty - Cantity. Round the location rates to the nearest cont for al activities except Administration round Administration to five decimal places, X XXXXX) Total cost of activity Total aty consumed ABC Alocation rate 336.000 Machine operations $ 12.000 $ 28.00 per machine-hour $ 8.200 Setups $ 161,200 35.00 per sotup-hour $ 30,240 840 Purchase orders $ 36.00 per purchase order 611.20 F Uw in intormation Read the requirements Administration $ 30,000 200,000 0.40000 per 5 of OM labor cost Now, completing the table for total costs of standard jobs, special jobs and then cost per job for each type of job (Round your answers to the nearest whole dollar oncept per job to the nearest cent.) Standard ABC Costing System Job Cost of supplies Direct manufacturing labor costs Indirect costs allocated: Machine operations Setups Purchase orders Design Marketing Administration Total costs VN KI 26 MacBook Pro c Q Search Provider 00 6 7 8 5 3 More Info Kraftprint's simple job-costing system has two direct-cost categories (direct materials and direct labor) and a single indirect-cost pool. Kraftprint operates at capacity and allocates all indirect costs using printing machine-hours as the allocation base. Kraftprint is concerned about the accuracy of the costs assigned to standard and special jobs and therefore is planning to implement an activity-based costing system. Kraftprint's ABC system would have the same direct-cost categories as its simple costing system. However, instead of a single indirect-cost pool there would now be six categories for assigning indirect costs: design, purchasing, setup, printing machine operations, marketing, and administration. Print Done