Vineyard Test Laboratories does heat testing (HT) and stress testing (ST) on materials and operates at capacity. Under its current simple costing system, Vineyard aggregates all operating costs of $1,190,000 into a single overhead cost pool. Vineyard calculates a rate per test-hour of $17 ($1,190,000 + 70,000 total test-hours). HT uses 40,000 test-hours, and ST uses 30,000 test-hours. Gary Celeste, Vineyard's controller, believes that there is enough variation in test procedures and cost structures to establish separate costing and billing rates for HT and ST. The market for test services is becoming competitive. Without this information, any miscosting and mispricing of its services could cause Vineyard to lose business. Celeste divides Vineyard's costs into four activity-cost categories B Click the icon to view the activity-cost categories.) Read the requirements. Cost Cost Direct labor 100,000 $ 46,000 Equipment 200,000 150,000 Setup 340,000 90,000 Design 180,000 84,000 Total 820,000 $ 370,000 Determine the formula to calculate the HT cost per test-hour and enter the amounts to calculate the rate. (Round the rate to the nearest cent.) Total HT costs HT test-hours HT Cost per test-hour per test-hour + E5-19 (DOON Vineyard Test Laboratories does heat testing T) and stress testing (ST) on materials and operates at capacity Under its current simple costing system, Vineyard aggregates all operating costs of 51,190,000 into a single overhead cost pool Vineyard calculates are perel-hour of $17 ($1,190,000 - 70.000 last hours). HTS 40,000 st hours, and ST uses 30,000 test-hours. Gary Celeste, Vineyard's controler, believes that there is enough variation in test procedures and coot structures to establisheparate costing and being rates for HT and ST The market for at services is becoming competitive. Without this information any miscosting and mispricing of its services could cause Vineyard to lose business Celeste divides Vineyard's costs in our activity-cost categories Click the icon to view the activity.cost categories) Read the airements Servicestaring costs cosed to support individual services regardless of the number of unscratches tested Facility-staining costs are costs that can not be traced to individual services but support the company as a whole Requirement 2. Calculate the cost per hour for HT and ST Explain briefly the reasons why these numbers differ from the $17 per testhour that Vineyard calculated using its simple costing system First, determine the formula used to calculate the cost for each activity in each test type Activity rate Activity hours per les type - Cost per activity Calculate the cost of each activity and the total cost of the heat testing and stress testing Heal Test (HT) Stress Test (ST) Total Total Cool Cost $ 100,000 $ 46.000 Direct labor Equipment Soup 200.000 340.000 180,000 150,000 0.000 34.000 Deng To 5 120 000 370.000 Determine the formato calculate the HT cost per test hour and enter the amounts to calculate the rate (Round the rate to the nearest cent) TOHTO HT Cost per test-hour 20.50 12.30 Anline Corporation owns a mal printing press that printsets, brochures and advertising materials in to see how activity based costing would affect the costs of standard and speciale, Anline colects the following its various printing jobs as standard jobs or speciale Information for the focal yew 2020 hattended Click the icon to view additional information) mick the icon to view the information ) Read the rarements Requirement 1. Calculate the cost of a standard job and a special job under the simple couting system. (Round trim calcations to the decimal places, XXX and your traiterracant, XXX) Standard Simple Costing System Job Cost of supplies per job s 210.00 Direct manufacturing labor cost per job 170.00 Indirect cost allocated to each job Total costs Anline Corporation owns a mal printing press that prints, brochures, and advertising materials. Ai To see how activity based coming would affect the cost of standard and species, Aline collects the following its various printing as standard jobs or specialjobs Information for the focal year 2020 that juanded (Click the icon to view itonal information) Click the icon to view the information) Read the moments Requirement 1. Calculate the cost of a standard job and a specialjob under the simple costing system. (Round in calculations to three decimal places, XXX and your final swers to the nearest cent. XXX) Standard Special Simple Costing System Job Cost of supplies per job $ 210.00 $ 31000 Direct manufacturing labor cool per job 170.00 22000 Indirect cost allocated to each job 674.13 674.13 1 054.135 1.204.13 Total costs Requirement 2. Calculate the cost of a standard job and a special job under the activity based costing system Begin by calculating the allocation rates for the folowing activities (Abbreviations used $ Dollar, DM Direct marfacturing Oy - Quantity Round the allocation was to the nearest cant for wil activities except Administration round Administration to five decimal places, X.XXXXX) Total cost of activity Total y consumed ABC Allocation rate Machine operations 1000000 per of DM labor cost - A 1 2 Number of printing jobs 3 Price per job Cost of supplies per Job 5 Direct labor costs per job 6 Printing machine-hours per job 4 B c D E Cause-and-Effect Relationship Between Standard Job Special Job Total Allocation Base and Activity Cost 2,400 1,200 $ 1,700 $ 2,000 $ 2105 310 $ 170 $ 2201 101 101 Indirect costs of operating printing machines $ 1,008,000 increase with printing machine-hours 6 9 7 Cost of printing machine operations 8 Setup-hours per job 9 Setup costs 10 Total number of purchase orders $ 781,200 Indirect setup costs increase with setup-hours 330 430 11 Purchase order costs $ Indirect purchase order costs increase with 27,360 number of purchase orders Design costs are allocated to standard and special jobs based on a special study of the design 42.000 department $ 7,000 $ 35,000 $ 12 Design costs 13 Marketing costs as a percentage of revenues 4% 4% $ 259,200 Demand for administrative resources increases 309,120 with direct labor costs 14 Administration costs $ Vineyard Test Laboratories does heat testing (HT) and stress testing (ST) on materials and operates at capacity. Under its current simple costing system, Vineyard aggregates all operating costs of $1,190,000 into a single overhead cost pool. Vineyard calculates a rate per test-hour of $17 ($1,190,000 + 70,000 total test-hours). HT uses 40,000 test-hours, and ST uses 30,000 test-hours. Gary Celeste, Vineyard's controller, believes that there is enough variation in test procedures and cost structures to establish separate costing and billing rates for HT and ST. The market for test services is becoming competitive. Without this information, any miscosting and mispricing of its services could cause Vineyard to lose business. Celeste divides Vineyard's costs into four activity-cost categories B Click the icon to view the activity-cost categories.) Read the requirements. Cost Cost Direct labor 100,000 $ 46,000 Equipment 200,000 150,000 Setup 340,000 90,000 Design 180,000 84,000 Total 820,000 $ 370,000 Determine the formula to calculate the HT cost per test-hour and enter the amounts to calculate the rate. (Round the rate to the nearest cent.) Total HT costs HT test-hours HT Cost per test-hour per test-hour + E5-19 (DOON Vineyard Test Laboratories does heat testing T) and stress testing (ST) on materials and operates at capacity Under its current simple costing system, Vineyard aggregates all operating costs of 51,190,000 into a single overhead cost pool Vineyard calculates are perel-hour of $17 ($1,190,000 - 70.000 last hours). HTS 40,000 st hours, and ST uses 30,000 test-hours. Gary Celeste, Vineyard's controler, believes that there is enough variation in test procedures and coot structures to establisheparate costing and being rates for HT and ST The market for at services is becoming competitive. Without this information any miscosting and mispricing of its services could cause Vineyard to lose business Celeste divides Vineyard's costs in our activity-cost categories Click the icon to view the activity.cost categories) Read the airements Servicestaring costs cosed to support individual services regardless of the number of unscratches tested Facility-staining costs are costs that can not be traced to individual services but support the company as a whole Requirement 2. Calculate the cost per hour for HT and ST Explain briefly the reasons why these numbers differ from the $17 per testhour that Vineyard calculated using its simple costing system First, determine the formula used to calculate the cost for each activity in each test type Activity rate Activity hours per les type - Cost per activity Calculate the cost of each activity and the total cost of the heat testing and stress testing Heal Test (HT) Stress Test (ST) Total Total Cool Cost $ 100,000 $ 46.000 Direct labor Equipment Soup 200.000 340.000 180,000 150,000 0.000 34.000 Deng To 5 120 000 370.000 Determine the formato calculate the HT cost per test hour and enter the amounts to calculate the rate (Round the rate to the nearest cent) TOHTO HT Cost per test-hour 20.50 12.30 Anline Corporation owns a mal printing press that printsets, brochures and advertising materials in to see how activity based costing would affect the costs of standard and speciale, Anline colects the following its various printing jobs as standard jobs or speciale Information for the focal yew 2020 hattended Click the icon to view additional information) mick the icon to view the information ) Read the rarements Requirement 1. Calculate the cost of a standard job and a special job under the simple couting system. (Round trim calcations to the decimal places, XXX and your traiterracant, XXX) Standard Simple Costing System Job Cost of supplies per job s 210.00 Direct manufacturing labor cost per job 170.00 Indirect cost allocated to each job Total costs Anline Corporation owns a mal printing press that prints, brochures, and advertising materials. Ai To see how activity based coming would affect the cost of standard and species, Aline collects the following its various printing as standard jobs or specialjobs Information for the focal year 2020 that juanded (Click the icon to view itonal information) Click the icon to view the information) Read the moments Requirement 1. Calculate the cost of a standard job and a specialjob under the simple costing system. (Round in calculations to three decimal places, XXX and your final swers to the nearest cent. XXX) Standard Special Simple Costing System Job Cost of supplies per job $ 210.00 $ 31000 Direct manufacturing labor cool per job 170.00 22000 Indirect cost allocated to each job 674.13 674.13 1 054.135 1.204.13 Total costs Requirement 2. Calculate the cost of a standard job and a special job under the activity based costing system Begin by calculating the allocation rates for the folowing activities (Abbreviations used $ Dollar, DM Direct marfacturing Oy - Quantity Round the allocation was to the nearest cant for wil activities except Administration round Administration to five decimal places, X.XXXXX) Total cost of activity Total y consumed ABC Allocation rate Machine operations 1000000 per of DM labor cost - A 1 2 Number of printing jobs 3 Price per job Cost of supplies per Job 5 Direct labor costs per job 6 Printing machine-hours per job 4 B c D E Cause-and-Effect Relationship Between Standard Job Special Job Total Allocation Base and Activity Cost 2,400 1,200 $ 1,700 $ 2,000 $ 2105 310 $ 170 $ 2201 101 101 Indirect costs of operating printing machines $ 1,008,000 increase with printing machine-hours 6 9 7 Cost of printing machine operations 8 Setup-hours per job 9 Setup costs 10 Total number of purchase orders $ 781,200 Indirect setup costs increase with setup-hours 330 430 11 Purchase order costs $ Indirect purchase order costs increase with 27,360 number of purchase orders Design costs are allocated to standard and special jobs based on a special study of the design 42.000 department $ 7,000 $ 35,000 $ 12 Design costs 13 Marketing costs as a percentage of revenues 4% 4% $ 259,200 Demand for administrative resources increases 309,120 with direct labor costs 14 Administration costs $