Traditional Product Costing versus Activity-Based Costing Ridgeland Inc. makes backpacks for large sporting goods chains that are sold under the customers' store brand names. The Accounting Department has identified the following overhead costs and cost drivers for next year: Overhead Item Expected Costs Cost Driver Maximum Quantity Setup costs $175,000 Number of setups 1,750 Ordering costs 120,000 Number of orders 15,000 Assembly 910,000 Number of machine hours 14,000 Finishing 208,000 Number of direct labor hours 104,000 The following data are for two recently completed jobs: Job 201 Job 202 Cost of direct materials $12,000 $14,000 Cost of direct labor $20,500 $40,000 Number of units completed 1,000 850 Number of setups 15 18 Number of orders 200 100 Number of machine hours 200 225 Number of direct labor hours 820 1,600 a. Determine the unit cost for each job using a traditional plantwide overhead rate based on machine hours. Round cost per unit answers to two decimal places when applicable. Job 201 Job 202 Direct materials $ a. Determine the unit cost for each job using a traditional plantwide overhead rate based on machine hours. Round cost per unit answers to two decimal places when applicable. Job 201 Job 202 Direct materials $ Direct labor $ Overhead $ $ Total cost Units produced Cost per unit $ $ $ b. Determine the unit cost for each job using ABC. Round cost per unit answers to two decimal places when applicable. Job 201 Job 202 Direct materials $ Direct labor Setup cost Ordering costs Assembly Finishing Total job costs Units produced Cost per unit $ $ $ $