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35 points) Extra Credit (Ch1-8. Acct 222 Problem 4. E4-35B Compare traditional and ABC allocations on a job (3 points) Comwell Prodects has dtd an ABC costing system. The following manufacturing activities, indirect manufacturingcos and cost drivers have been identified The Job Cost Record for Job #804 revealed that direct materials requisitioned for they b totaled Si 250. The Job Cost Roo also showed that direct labor for this job tocaled 12 hours at a wage rate of $30 per hour d Total estimated Total estimated amount Activity MOll costs relatofllcton base activity to activity 2,000 setups Machine setup Machining Polishing Quality control Facility-level costs $180,000 S1,050,000 12,000 machine hours $100,000 S320,000 $150,.000 5,000 polishing cloths 4,000 tests run 50,000 DL hours Total manufacturing overhead MOH $1,800,000 Other data collected on the resources used by Job #804 included: 1 machine setup required . 6 machine hours . 4 polishing cloths 3 quality control tests run Requirements Calculate the activity cost allocation rate for each of the five pools listed in the table. Calculate the total cost ofJob #804 (use an ABC costing system). Why would ABC provide a more accurate allocation of manufacturing overhead (MOH) than a plantwide rate? Assume that Cornwell Products used a traditional costing system rather than an ABC system. Its plantwide MOH rate would have been determined using direct labor (DL) hours as the allocation base. How much cost distortion would have occurred on this job? 1. 2, 3. 4