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What is the activity cost rate for Power costs? What is the total cost of Job 2? Hijinx Company projected the following overhead costs and
What is the activity cost rate for Power costs?
What is the total cost of Job 2?
Hijinx Company projected the following overhead costs and cost drivers for past year (assume that actual overhead and budgeted overhead were the same): Overhead Item Expected Costs Cost Driver Expected Quantity Setup costs $121,500 Number of setups 50 Ordering costs 40,500 Number of orders 30 Maintenance 174,000 Machine-hours 600 Power 27,000 Kilowatt-hours 600 Direct Labor Hours 500 Hijinx contracted for 2 jobs, both of which were completed during the year. Production managers reported the following data in relation to these jobs: Job 1 Job 2 Direct materials $170,000 $120,000 Direct labor $14,000 $11,000 Direct labor-hours 300 220 Number of setups 25 23 Number of orders 20 20 13 Machine-hours 410 200 Kilowatt-hours 380 240 NOTE: Round per-cost-driver costs in intermediate calculations to two decimal places
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