Topic: Developing Overhead Rates with Multi-Allocation Bases Type: FMB 21) Shaw Manufacturing Company is in the process of developing and implementing Activity Based Costing for the assignment of factory overhead costs to jobs. For one of the activities, Setup Activity, company is confronted with selection of an appropriate allocation base. Company believes that Setup costs are derived by "Number of Setups" and "Hours Taking to Setup". Certainly, number of setups could be a reasonable allocation base, because if a job requires higher number of setups, more resources would be consumed by the job such as costs associated with initiation of a setup such as setup of activities, supplies, etc. On the other hand, hours taking to setup also could be a reasonable allocation base because higher setup hours could translate into higher consumption of resources such as labor and supplies. Month January February March Setup Activity Costs Setup Hours Number of Setup $1,683,760 16,940 109,740 1,650,560 14,610 116,200 1,783,350 16,600 125,000 April 1,584,160 14,610 105,520 May 1,617,360 15,720 107,440 June 1,706,950 14,530 119,360 July 1,448,250 13,690 111,240 August 1,872,950 15,450 152,235 September 1,507,760 12,810 107,440 October 1,607,360 14,670 121,360 November 1,540,960 13,540 109,280 December 1,740,150 14,700 125,440 There are two jobs with the following specifications: Job 101 Job 102 Number of Setups Required 8 4 Hours of Setup Required 110 180 Compute the followings: Example of Answer for amount: 4000 (No comma, space, decimal point, or S sign) Setup costs assigned to Job 101 if "number of setups" is used as allocation base =[ Setup costs assigned to Job 102, if "number of setups" is used as allocation base = [ Setup costs assigned to Job 101 if "hours of setup" is used as allocation base = [ Setup costs assigned to Job 102 if "hours of setup" is used as allocation base =[ ] ] ] Setup costs assigned to Job 101 if both the "number of setups" and "hours of setups" are used together as allocation base [ ] Setup costs assigned to Job 102 if both the "number of setups" and "hours of setups" are used together as allocation base [ ]