Calculate a job cost using ABC (Learning Objective 2)

Berg Industries, a family-run small manufacturer, has adopted an ABC costing system. The following manufacturing activities, indirect manufacturing costs, and usage of cost drivers have been estimated for the year:

During May, Evan and Stephanie Berg machined and assembled Job 624. Evan worked a total of 10 hours on the job, while Stephanie worked 5 hours on the job. Evan is paid a $25/hour wage rate, while Stephanie is paid $30/hour because of her additional experience level. Direct materials requisitioned for Job 624 totaled $1,050. The following additional information was collected on Job 624: The job required 1 machine setup, 5 machine hours, and 2 quality control tests.
1. Compute the activity cost allocation rates for the year.
2. Complete the following job cost record for Job 624:

Activity Estimated Total Manufacturing Overhead Costs Estimated Total Usage of Cost Driver 3,000 setups Machine setup $150,000 Machining $1,000,000 5,000 machine hours Quality control $337,500 4,500 tests run