Problem 2 - 10 points Jasper Manufacturing Company uses activity based costing (ABC). For the month of October the company incurred the following overhead amounts: Amount Cost Pool Supervision Machine Usage Machine Setups Design Changes Total Overhead $194,750 $192,750 $126,350 $78,750 $592,600 The Allocation Bases and their estimated amounts are as follows: Allocation Base Number of design changes Number of Machine setups Machine Hours Direct Labor Hours Expected Activity Amount 75 175 15,000 20,500 Required: The following information is available the job completed during the accounting period: Direct Materials Direct Labor Direct Labor Hours Machine Hours Machine Setups Design Changes Job 21776 $25,445 $15,750 1,050 645 8 4 Compute the Total Cost of Job 21776. Round all overhead rates to 4 decimal places where applicable. (ex. $10.1234) A D E F B C Jasper Manufacturing Company 1 2 Computation of Rates Rate $ Activity Cost Pool Amount Base 194,750.00 DL Hours 192,750.00 Machine Hours 126,350.00 No. Setups 78,750.00 No. Design Changes 592,600.00 Activity Amount 20,500 15,000 175 75 $ $ Job 21776 3 Cost Pool 4 Supervision 5 Machine Usage 6 Machine Setups 7 Design Changes 8 Total 9 10 11 12 Direct Materials 13 Direct Labor 14 Factory Overhead 15 Supervision 16 Machine Usage 17 Machine Setups 18 Design Changes 19 Total 20 21 22 Assumptions 23 Direct Materials 24 Direct Labor 25 DL Hours 26 Machine Hours 27 Machine Setups 28 Design Changes 29 30 31 32 33 34 35 36 37 38 39 40 Job 21776 25,445 15,750 1,050 645 8 4