Question Help The job costing system at Siobhan's Custom Framing has five indirect cost pools (purchasing, material handing, machine maintenance, product inspection, and packaging). The company is in the process of bidding on two jobs: Job 215, an order of 17 intricate personalized frames, and Job 325, an order of 4 standard personalized frames. The controller wants you to compare overhead allocated under the current simple job-costing system and a newly designed activity based job-costing system. Total budgeted costs in each indirect cost pool and the budgeted quantity of activity driver are as follows. (Click the icon to view the cost and driver data) (Click the icon to view the job data) Read the requirements Requirement 1. Compute the total overhead allocated to each job under a simple costing system, where overhead is allocated based on machine-hours. Begin by calculating the overhead rate under the simple costing system. First select the formula, then enter the applicable amounts and calculate the rate. (Round your answer to the nearest cent. Abbreviations used bgt. = budgeted, mach machine, mat = material, purch - purchase aty quality) Budgeted overhead rate Simple costing system Now calculate the total overhead allocated to each job under a simple costing system. (Round your answer to the nearest cont.) Simple costing system Job 215 Job 325 Indirect cost allocated Requirement 2. Compute the total overhead allocated to each job under an activity-based costing system using the appropriate activity drivers (Round the allocation rates to three decimal places, XXX Abbreviations used: bgt budgeted, mach. - machine, maint maintenance, mat material purch. = purchase a quantity, prod - produced.) ABC allocation rate Purchasing Choose from any list or enter any number in the input fields and then continue to the next question 6 5 3 00 7 9 0 P E R T T Question Help The job costing system at Siobhan's Custom Framing has five indirect cost pools (purchasing, material handling, machine maintenance, product inspection, and packaging). The company is in the process of bidding two jobs Job 215, an order of 17 intricate personalized frames, and Job 325, an order of 4 standard personalized frames. The controller wants you to compare overhead allocated under the current simple job.costing system and a newly designed activity-based job-costing system. Total budgeted costs in each indirect cost pool and the budgeted quantity of activity driver are as follows (Click the icon to view the cost and driver data.) Click the icon to view the job data) Read the requirements Now calculate the total overhead allocated to each job under a simple costing system. (Round your answer to the nearest cont.) Simple costing system Job 215 Job 325 Indirect cost allocated Requirement 2. Compute the total overhead allocated to each job under an activity-based costing system using the appropriate activity drivers (Round the allocation rates to three decimal places, X.Xocx Abbreviations used: bgt budgeted, mach machine, maint maintenance, mat = material purch purchase, aty quantity, prod. produced) ABC allocation rate Purchasing Mat, handling Mach maint Inspection Packaging Now calculate the total overhead allocated to Job 215 and Job 325 under an activity-based costing system. (Round interim calculations to three decimal places and your final answers to the nearest cent) Choose from any list or enter any number in the input fields and then continue to the next question MacBook Pro 3 4 5 6 7 8. F E R . S G . 15 UUUSLIUI 15 pcs 13 of 28 (27 complete This Test: 88 pts pos Question Hello The job costing system at Siobhan's Custom Framing has five indirect cost pools (purchasing, material handling, machine maintenance, product inspection, and packaging). The company is in the process of biddin two jobs Job 215, an order of 17 intricate personaltrad frames, and Job 325, an order of 4 standard personalized frames. The controller wants you to compare overhead located under the current simple job-cost system and a newly designed activity based job.cooling system. Total budgeted costs in each indirect con pool and the budgeted quantity of activity driver are as follows. Click the loon to view the cost and driver data) Click the icon to to view the job data) Read the requirements New calculate the total overhead allocated to Job 215 and Job 325 under an activity-based costing system. (Round interim calculations to three decimal places and your final answers to the nearest cant) ABC costing system Job 215 Job 325 Overhead costs located: Purchasing Materials handing Machine maintenance Inspection Packaging Total costs Requirement 3. Explain why Siobhar's Custom Framing might favor the ABC job-costing system over the simple job-costing system, especially in its bidding process. (Select al choices that apply) A Marketing managers can use ABC Information to bid for jobs more competitively because ABC provides managers with a more accurate reflection of the resources used for and the costs of each jo B. The manufacturing manager likely would find the ABC job-cooling system more useful in cost management. Unlike direct manufacturing labor costs, the five indirect cost pools are systematically linked to activity areas at the plant. The result is more accurate product costing. The manufacturing manager can seek to reduce both the level of activity (fewer purchase orders, less material handling) and the com Choose from any list or enter any number in the input fields and then continue to the next question MacBook Pro 3 5 6 8 R THIS TOST: 88 pts Question He The job costing system at Siobhan's Custom Framing has five indirect cost pools (purchasing, material handing, machine maintenance, product inspection, and packaging). The company is in the process of b two jobs; Job 215, an order of 17 intricate personalized frames, and Job 325, an order of 4 standard personalized frames. The controller wants you to compare overhead allocated under the current simple job system and a newly designed activity-based job-costing system. Total budgeted costs in each indirect cost pool and the budgeted quantity of activity driver are as follows (Click the icon to view the cost and driver data.) (Click the icon to view the data) Read the requirements Data Table Requirements $ Purchasing Material handling Machine maintenance Product inspection Packaging 1. Compute the total overhead allocated to each job under a simple costing system, where overhead is allocated based on machine-hours. 2. Compute the total overhead alocated to each job under an activity-based costing system using the appropriate activity drivers 3. Explain why Siobhan's Custom Framing might favor the ABC job-costing system over the simple job-costing system, especially in its bidding process Budgeted Overhead 28,800 48,600 100.000 7.700 26,600 Budgeted Quantity of Activity Driver 1,800 5.400 10.000 1.100 Activity Driver Purchased orders processed Material moves Machine-hours Inspections Units produced 3.800 211,700 Total Print Done Print Done Packaging Total costs Choose from any list or enter any number in the input fields and then continue to the next question 2 5 8 Question Help The job costing system at Siobhan's Custom Framing has five indirect cost pools (purchasing, material handing, machine maintenance, product inspection, and packaging). The company is in the process of bidding on two jobs: Job 215, an order of 17 intricate personalized frames, and Job 325, an order of 4 standard personalized frames. The controller wants you to compare overhead allocated under the current simple job-costing system and a newly designed activity based job-costing system. Total budgeted costs in each indirect cost pool and the budgeted quantity of activity driver are as follows. (Click the icon to view the cost and driver data) (Click the icon to view the job data) Read the requirements Requirement 1. Compute the total overhead allocated to each job under a simple costing system, where overhead is allocated based on machine-hours. Begin by calculating the overhead rate under the simple costing system. First select the formula, then enter the applicable amounts and calculate the rate. (Round your answer to the nearest cent. Abbreviations used bgt. = budgeted, mach machine, mat = material, purch - purchase aty quality) Budgeted overhead rate Simple costing system Now calculate the total overhead allocated to each job under a simple costing system. (Round your answer to the nearest cont.) Simple costing system Job 215 Job 325 Indirect cost allocated Requirement 2. Compute the total overhead allocated to each job under an activity-based costing system using the appropriate activity drivers (Round the allocation rates to three decimal places, XXX Abbreviations used: bgt budgeted, mach. - machine, maint maintenance, mat material purch. = purchase a quantity, prod - produced.) ABC allocation rate Purchasing Choose from any list or enter any number in the input fields and then continue to the next question 6 5 3 00 7 9 0 P E R T T Question Help The job costing system at Siobhan's Custom Framing has five indirect cost pools (purchasing, material handling, machine maintenance, product inspection, and packaging). The company is in the process of bidding two jobs Job 215, an order of 17 intricate personalized frames, and Job 325, an order of 4 standard personalized frames. The controller wants you to compare overhead allocated under the current simple job.costing system and a newly designed activity-based job-costing system. Total budgeted costs in each indirect cost pool and the budgeted quantity of activity driver are as follows (Click the icon to view the cost and driver data.) Click the icon to view the job data) Read the requirements Now calculate the total overhead allocated to each job under a simple costing system. (Round your answer to the nearest cont.) Simple costing system Job 215 Job 325 Indirect cost allocated Requirement 2. Compute the total overhead allocated to each job under an activity-based costing system using the appropriate activity drivers (Round the allocation rates to three decimal places, X.Xocx Abbreviations used: bgt budgeted, mach machine, maint maintenance, mat = material purch purchase, aty quantity, prod. produced) ABC allocation rate Purchasing Mat, handling Mach maint Inspection Packaging Now calculate the total overhead allocated to Job 215 and Job 325 under an activity-based costing system. (Round interim calculations to three decimal places and your final answers to the nearest cent) Choose from any list or enter any number in the input fields and then continue to the next question MacBook Pro 3 4 5 6 7 8. F E R . S G . 15 UUUSLIUI 15 pcs 13 of 28 (27 complete This Test: 88 pts pos Question Hello The job costing system at Siobhan's Custom Framing has five indirect cost pools (purchasing, material handling, machine maintenance, product inspection, and packaging). The company is in the process of biddin two jobs Job 215, an order of 17 intricate personaltrad frames, and Job 325, an order of 4 standard personalized frames. The controller wants you to compare overhead located under the current simple job-cost system and a newly designed activity based job.cooling system. Total budgeted costs in each indirect con pool and the budgeted quantity of activity driver are as follows. Click the loon to view the cost and driver data) Click the icon to to view the job data) Read the requirements New calculate the total overhead allocated to Job 215 and Job 325 under an activity-based costing system. (Round interim calculations to three decimal places and your final answers to the nearest cant) ABC costing system Job 215 Job 325 Overhead costs located: Purchasing Materials handing Machine maintenance Inspection Packaging Total costs Requirement 3. Explain why Siobhar's Custom Framing might favor the ABC job-costing system over the simple job-costing system, especially in its bidding process. (Select al choices that apply) A Marketing managers can use ABC Information to bid for jobs more competitively because ABC provides managers with a more accurate reflection of the resources used for and the costs of each jo B. The manufacturing manager likely would find the ABC job-cooling system more useful in cost management. Unlike direct manufacturing labor costs, the five indirect cost pools are systematically linked to activity areas at the plant. The result is more accurate product costing. The manufacturing manager can seek to reduce both the level of activity (fewer purchase orders, less material handling) and the com Choose from any list or enter any number in the input fields and then continue to the next question MacBook Pro 3 5 6 8 R THIS TOST: 88 pts Question He The job costing system at Siobhan's Custom Framing has five indirect cost pools (purchasing, material handing, machine maintenance, product inspection, and packaging). The company is in the process of b two jobs; Job 215, an order of 17 intricate personalized frames, and Job 325, an order of 4 standard personalized frames. The controller wants you to compare overhead allocated under the current simple job system and a newly designed activity-based job-costing system. Total budgeted costs in each indirect cost pool and the budgeted quantity of activity driver are as follows (Click the icon to view the cost and driver data.) (Click the icon to view the data) Read the requirements Data Table Requirements $ Purchasing Material handling Machine maintenance Product inspection Packaging 1. Compute the total overhead allocated to each job under a simple costing system, where overhead is allocated based on machine-hours. 2. Compute the total overhead alocated to each job under an activity-based costing system using the appropriate activity drivers 3. Explain why Siobhan's Custom Framing might favor the ABC job-costing system over the simple job-costing system, especially in its bidding process Budgeted Overhead 28,800 48,600 100.000 7.700 26,600 Budgeted Quantity of Activity Driver 1,800 5.400 10.000 1.100 Activity Driver Purchased orders processed Material moves Machine-hours Inspections Units produced 3.800 211,700 Total Print Done Print Done Packaging Total costs Choose from any list or enter any number in the input fields and then continue to the next question 2 5 8