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, qty.? = quantity.)

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? cent.)

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.XXX. Abbreviations? used: bgt.? = budgeted, mach.? = machine, maint.? = maintenance, mat.? = material, purch.? = purchase, qty.? = quantity, prod.? = produced.)

Bgt. cost of activity

/

Bgt. total qty. of cost allocation base

=

ABC allocation rate

Purchasing

/

=

per purch. order

Mat. handling

/

=

per mat. move

Mach. maint.

/

=

per mach. hour

Inspection

/

=

per inspection

Packaging

/

=

per unit prod.

Now calculate the total overhead allocated to Job

215215

and Job

325325

under an? activity-based costing system. ?(Round interim calculations to three decimal places and your final answers to the nearest? cent.)

ABC costing system	Job 215
Overhead costs allocated:
Purchasing
Materials handling
Machine maintenance
Inspection
Packaging
Total costs

Job 325

i Data Table Budgeted Quantity Budgeted Overhead Activity Driver Purchasing Material handling Machine maintenance Product inspection Packaging 34,200 28,800 130,000 7,700 18,500 219,200 of Activity Driver 1,900 4,800 10,000 1,100 3,700 Purchased orders processed Material moves Machine-hours nspections Units produced i Data Table Budgeted Quantity Budgeted Overhead Activity Driver Purchasing Material handling Machine maintenance Product inspection Packaging 34,200 28,800 130,000 7,700 18,500 219,200 of Activity Driver 1,900 4,800 10,000 1,100 3,700 Purchased orders processed Material moves Machine-hours nspections Units produced