CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 5 Not complete Points out of 5.00P Flag question Traditional Product Costing Versus Activity-Based Costing High Country Outfitters, 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 Setup costs Ordering costs Maintenance Maximum Quantity 7,200 60,000 80,000 600,000 $1,216,800 312,000 1,200,000 120,000 Number of setups Number of orders Number of machine hours Number of kilowatt hours ower Total predicted direct labor hours for next year is 60,000. The following data are for two recently completed jobs Job 201 Job 202 $15,000 $16,500 20,625 $72,750 915 330 Cost of direct materials Cost of direct labor Number of units completed Number of direct labor hours Number of setups Number of orders Number of machine hours Number of kilowatt hours 1,125 270 18 24 540 270 450 360 a. Determine the unit cost for each job using a traditional company-wide overhead rate based on direct labor hours. Round rate to two decimal places. Overhead rate per direct labor hour $ Use rounded overhead rate calculated above for calculations below. Round cost answers to the nearest whole number, when needed. Round cost per unit to two decimal places, if needed Job 201 Job 202 Direct materials $ Direct labor Overhead Total job cost Units Per unit cost b. Determine the unit cost for each job using ABC. Activity-based overhead rates: Round cost answers to the nearest whole number, when needed Round cost per unit to two decimal places, if needed Setup costs Ordering costs per setup per order Maintenance costs S per machine hour ower per kwh Job 201 Job 202 Direct materials Direct labor Overhead Setup cost Ordering costs Maintenance costs ower Total job costs Units produced Cost per unit Check