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 $244.800 Number of setups 7,200 Orciering costs 65,000 Number of arders 65.000 Maintenance 460,000 Number of machine hours 80,000 Power 44,000 Number of kilowatt hours 440,000 Total predicted direct labor hours for next year is 26,000. The following data are for two recently completed jobs: Job 201 Job 202 Cost of direct materials SB,000 $9,500 Cost of direct labor $16,100 $59.800 Number of units completed 800 650 Number of direct labor hours 220 270 Number of setups 15 19 Number of arders 21 Number of machine hours 460 360 Number of kilowatt hours 200 300 42 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 $ Direct labor Overhead Total cost $ $ Units produced Cost per unit $ 3 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 S $ Direct materials Direct labor Setup cost Ordering costs Maintenance costs Power Total jab casts Units produced Cost per unit 5 $ s $