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 $1.224000 Number of setups Ordering costs 325.000 Number of orders Maintenance 2,300,000 Number of machine hours Power 220,000 Number of lowatt hours Total predicted direct labor hours for next year is 52,000. The following data are for two Job 201 Job 202 Cost of direct materials Cost of direct labor Number of units completed 1.250 2100 Number of direct labor hours 220 230 Number of setups Number of orders 21 22 Number of machine hours Number of kilowatt hours 200 300 a. Determine the unit cost for each job using a traditional plantwide overhead rate based on direct labor hours. Round cost per unit answers to two decimal places when applicable. Direct materials S Direct labor 15.500 23.600 325.000 17.000 67,300 325.000 x Total cos PP Number of kilowatt hours 460 200 300 a. Determine the unit cost for each job using a traditional plantwide overhead rate based on direct labor hours. Round cost per unit answers to two decimal places when applicable. Job 201 Job 202 Direct materials $ 15.500 $ 17,000 Direct labor 23,600 67,300 Overhead 325.000 X 325.000 X Total cost OX$ Units produced Cost per units 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 OXS Direct labor Setup cost OX Ordering costs OX Maintenance costs Power Total job costs $ Units produced Cost per unit X X X OOOOO X X Check