Speediprint Corporation owns a small printing press that prints leates, brochures and advertising materials. Speedprint classifies its various printing jobs as standard jobs or specials Click the icon to view adonanmasin) To see how activity based costing would affect the costs of standard and special jobs, Speedprint collects the following information for the fiscal year 2017 that just Click the icon to view the information) Read the rements Data Table Requirements Cause and she Standard Job Special Job Allocation Base and Activity c 2. C he cost of a special i st o mpare the costs of a standards and cabin e ts and Why done simple and activity based costing systems in the cost of a standard and a special 4 How m p edirse the new cost information from its activity based costing system to better manages business? Number of printing jobs Price per job Cost of supplies per Det boros pret Done OS Contat printing machine operations $ 75.000 indirect coo perating achines increase with printing machine hours Setup-hours pe job 5 5 .000 costs increase the hours Setup costs Purchase order 4 000 6.000 $ Design costs 20.000 Design col l ocated to standard and special obs based on a special study of the design deatment Requirements 1. Calculate the cost of a standard job and a special job under the simple costing system. 2. Calculate the cost of a standard job and a special job under the activity-based costing system. 3. Compare the costs of a standard job and a special job in requirements 1 and 2. Why do the simple and activity-based costing systems differ in the cost of a standard job and a special job? How might Speediprint use the new cost information from its activity-based costing system to better manage its business? Print Print Done i Data Table Cause-and-Effect Relationship Between Allocation Base and Activity Cost Total Number of printing jobs Price per job Cost of supplies per job Direct labor costs per job Printing machine-hours per job Cost of printing machine operations Standard Job Special Job 400 600 $ 100 $ $ 75,000 Indirect costs of operating printing machines increase with printing machine-hours Setup-hours per job Setup costs Total number of purchase orders Purchase order costs $ 45,000 Indirect setup costs increase with setup hours 500 $ Design costs 4,000 $ 16,000 $ 18,000 Indirect purchase order costs increase with number of purchase orders 20,000 Design costs are allocated to standard and special jobs based on a special study of the design department