Problem 5 (30 Points) cost drivers for the coming A company has identified the following overhead costs and Level year: Cost Driver Budgeted cost Budgeted Activity Overhead Item 200 Machine setup Number of setups 6,500 Number of inspections 130,000 80,000 8,000 Inspection of material Material handling Number moves 1,000 50,000 Engineering Engineering hours $280,000 Total were completed during the The following information was collected on three jobs that Job 101 Job 102 Job 103 year $5,000 $12,000 $8,000 Direct materials $2,000 2,000 $4,000 Direct labor 200 50 100 Units completed Number of setups 300 10 20 Number of inspections 50 10 Number of material moves 30 50 Engineering hours 10 Budgeted direct labor cost was $100,000, and budgeted direct material cost was $280,000. (a) Using direct labor cost as the allocation base, what is the cost per unit of each job