3. Quickprint, Inc. prints leaflets, brochures, and advertising material. The company classifies its various printing jobs...

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3. Quickprint, Inc. prints leaflets, brochures, and advertising material. The company classifies its various printing jobs as standard jobs and special jobs. Quickprint job- costing system has 2 direct cost categories (direct material and direct labor). Quickprint is planning to implement an Activity-Based Costing system. The following table shows information for 2015 fiscal year: Standard job Special job Number of printing jobs in 2015 400 200 Price per job 1,200 1,500 Cost of supplies per job 200 250 Direct labor costs/job 180 200 Printing machine hours per job 10 h 10 h INFORMATION ABOUT OVERHEAD COSTS: Standard Special Total cost Cost driver job job Set-up hours per job 4 7 Set-up costs 90,000 Set-up hours Cost printing machine 150,000 Machine hours Total number of purchase orders 400 500 Purchase order costs 36,000 Number of purchase orders Design costs 8,000 32,000 Administrative costs 90,000 Direct labor costs Calculate the cost per unit and gross margin for product of both types of jobs using the Activity Based Costing system. 3. Quickprint, Inc. prints leaflets, brochures, and advertising material. The company classifies its various printing jobs as standard jobs and special jobs. Quickprint job- costing system has 2 direct cost categories (direct material and direct labor). Quickprint is planning to implement an Activity-Based Costing system. The following table shows information for 2015 fiscal year: Standard job Special job Number of printing jobs in 2015 400 200 Price per job 1,200 1,500 Cost of supplies per job 200 250 Direct labor costs/job 180 200 Printing machine hours per job 10 h 10 h INFORMATION ABOUT OVERHEAD COSTS: Standard Special Total cost Cost driver job job Set-up hours per job 4 7 Set-up costs 90,000 Set-up hours Cost printing machine 150,000 Machine hours Total number of purchase orders 400 500 Purchase order costs 36,000 Number of purchase orders Design costs 8,000 32,000 Administrative costs 90,000 Direct labor costs Calculate the cost per unit and gross margin for product of both types of jobs using the Activity Based Costing system.