Tho job-costing system at Sharon's Custom Framing has five indirect-cost pocls (purchasing, material handing, machine maintenance, product inspoction, and packaging) The compacy is in the process of bidding on two jobs; Job 215 , an order of 15 intricate personalized frames, and Job 325 , an order of six standard personalized trames. The controller wants you to conpare overhead allocated under the current simple job-costing system and a newly designed activity-based job-costing systeen. Fotal budgeted costs in each indrect-cost pool and the budgeted guansty of each activity drivor are as follows. (Click the icon to view the cost and diver data.) (Click the icen to view the job data.) Read the tequitements. Data table Requirement.1. Begin by calcula Abbereviations us fund your ansser so the nearest cant. Biti total cos 5 Now calculate th Simple costing Reoulrement 2 . jocabon rates to three decimal places. More info Information related to Job 215 and Job 325 follows. Job 215 incurs more batch-level costs because it uses more types of materials that need to be purchased, moved, and inspected relative to Job 325 . thine-hours. late the rate. (Round your The job-costing system at Sharon's. Custom Framing has five indirect-cost pools (ourchasing, material handing, machine maintenance, product inspection, and pocikaging). The company is in the process of bidding on two jobs; Job 215, an order of 15 intricate personalzed frames, and Job 325 , an order of six standard personalzzed frames. The controller wants you to compare overhead alocated under the current simple job-costing system and a newty designed activity-bosed job-costing system. Total budgeted costs in each indirect-cost pool and the budgeted quanticy of each 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 reguiromenth. Requirement 1. Compute the total overhead allocated to each job under a simple costing system, where overhead is alocated based on machine-hours. Begin by calculating the overhead rate under the simple costing system. Fint select the formula, then enter the applicabie amounts and calculate the rate. (Round your answer to ine nearest cont. Abbreviatons used bgt, = budgeted, mach = machine, mat = material, purch. = puechase, gly = quantity Budgeted overheat Simple costing sys $23.95 per mach. per inspection und your answer to the I per mat. move costing system using th per purch. order i. (Round the allocation ra lat. = material, purch. =pu = produced.) per unit prod. Zequirement 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 ce. Abbreviations used: bgt. = budgeted, mach, = machine, mat. = material, purch, = purchase, q(y, = quantity,) Now calculate the total overhesd allocated to each job under a simple costing system. (Round yout answer to the noarost cent.) Requirement 2. Compute the lotal overhead allocated to nach job undor an activity-based costing systom using the appropriate activit driven. (Round the allocation rates to liree docimal placo X.XXX. Aobeviations usedi bgt. = budgated, mach, = machine, maint. = maintonance, mat, = material, purch. = purchase. qty. = quantity, prod. a produced.) The job-costing tystem at Sharon's Custom Frarting has five indirect-cost poob (ourchasing. mulerial handing, machine maitenance, product inspection, and packog no) The conteany is in the procoss of bidding on two jobs; 406215 , an onser of 15 inticase personaliod frames, and sob 325 , an order of ax standard persenalized frames. The controler wants you lo compare overhead allocated under the current simple job-costing syatem and a newy designed activity-based job-osing system. Tobal budgeted costs in each indirect-cost pool and the budgeted quantif of each activily diver are as folows. (7II) (Clek the icon to view the cost and driver data) (C) (Cick the ien to vima the job data) More info informaten reluted to Job 215 and Job 325 follows. Joh 215 incuet mare batch-lovel couts because it uses moce types of materais that need to be purchasod, moved, and inspectied relative in Job 325 . Tho job-costing system at Sharon's Custom Framing has five indirect-cost pocls (purchasing, material handing, machine maintenance, product inspoction, and packaging) The compacy is in the process of bidding on two jobs; Job 215 , an order of 15 intricate personalized frames, and Job 325 , an order of six standard personalized trames. The controller wants you to conpare overhead allocated under the current simple job-costing system and a newly designed activity-based job-costing systeen. Fotal budgeted costs in each indrect-cost pool and the budgeted guansty of each activity drivor are as follows. (Click the icon to view the cost and diver data.) (Click the icen to view the job data.) Read the tequitements. Data table Requirement.1. Begin by calcula Abbereviations us fund your ansser so the nearest cant. Biti total cos 5 Now calculate th Simple costing Reoulrement 2 . jocabon rates to three decimal places. More info Information related to Job 215 and Job 325 follows. Job 215 incurs more batch-level costs because it uses more types of materials that need to be purchased, moved, and inspected relative to Job 325 . thine-hours. late the rate. (Round your The job-costing system at Sharon's. Custom Framing has five indirect-cost pools (ourchasing, material handing, machine maintenance, product inspection, and pocikaging). The company is in the process of bidding on two jobs; Job 215, an order of 15 intricate personalzed frames, and Job 325 , an order of six standard personalzzed frames. The controller wants you to compare overhead alocated under the current simple job-costing system and a newty designed activity-bosed job-costing system. Total budgeted costs in each indirect-cost pool and the budgeted quanticy of each 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 reguiromenth. Requirement 1. Compute the total overhead allocated to each job under a simple costing system, where overhead is alocated based on machine-hours. Begin by calculating the overhead rate under the simple costing system. Fint select the formula, then enter the applicabie amounts and calculate the rate. (Round your answer to ine nearest cont. Abbreviatons used bgt, = budgeted, mach = machine, mat = material, purch. = puechase, gly = quantity Budgeted overheat Simple costing sys $23.95 per mach. per inspection und your answer to the I per mat. move costing system using th per purch. order i. (Round the allocation ra lat. = material, purch. =pu = produced.) per unit prod. Zequirement 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 ce. Abbreviations used: bgt. = budgeted, mach, = machine, mat. = material, purch, = purchase, q(y, = quantity,) Now calculate the total overhesd allocated to each job under a simple costing system. (Round yout answer to the noarost cent.) Requirement 2. Compute the lotal overhead allocated to nach job undor an activity-based costing systom using the appropriate activit driven. (Round the allocation rates to liree docimal placo X.XXX. Aobeviations usedi bgt. = budgated, mach, = machine, maint. = maintonance, mat, = material, purch. = purchase. qty. = quantity, prod. a produced.) The job-costing tystem at Sharon's Custom Frarting has five indirect-cost poob (ourchasing. mulerial handing, machine maitenance, product inspection, and packog no) The conteany is in the procoss of bidding on two jobs; 406215 , an onser of 15 inticase personaliod frames, and sob 325 , an order of ax standard persenalized frames. The controler wants you lo compare overhead allocated under the current simple job-costing syatem and a newy designed activity-based job-osing system. Tobal budgeted costs in each indirect-cost pool and the budgeted quantif of each activily diver are as folows. (7II) (Clek the icon to view the cost and driver data) (C) (Cick the ien to vima the job data) More info informaten reluted to Job 215 and Job 325 follows. Joh 215 incuet mare batch-lovel couts because it uses moce types of materais that need to be purchasod, moved, and inspectied relative in Job 325