its Artprint Corporation owns a small printing press that prints leaflets, brochures, and To see how activity-based costing would affect the costs of standard and special advertising materials. Artprint classifies its various printing jobs as standard jobs or jobs, Artprint collects the following information for the fiscal year 2017 that just special jobs. ended (Click the icon to view additional information.) (Click the icon to view the information.) Read the requirements vork Iz/Test Requirement 1. Calculate the cost of a standard job and a special job under the simplo costing systern. (Round interim calculations to three decimal places, XXX and your final answers to the nearest cent, X.XX.) Standard Special Job Job Simple Coating System Cost of supplies garlob Direct manufacturing labor cost per job Indirect cost allocated to each job Total costs As dalam Choose from any list or enter any number in the input fields and then continue to the next question Carlatar Quesnon Hew Artprint Corporation owns a small printing press that prints leaflets, brochures, and advertising materials To so how activity-based costing would affect the costs of standard and specialjobs, Artprint collects the Artprint classifies its various printing jobs as standard jobs or specialjobs. following information for the fiscal year 2017 that just ended. (Click the icon to view additional information.) (Click the icon to view the information) Read the requirements 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 following activities. (Abbreviations d 3. Dollar OM Direct manufacturing, Cty - Quantity Round the location rate to the nearest cent for all activities except Administration round Administration to five decimal places, X.XOOXXX) ABC Alocation rate . Machine operations Schups Purchase orders Administration Now, completing the table for total costs of standard jobs, specials and then cost per job for each type of job. (Round your answers to the nearest whole color opt cool por job. Round cool per job to the near Cont) Standard Special ABC Costing System Job Job Cost of supplies Direct manacturing labor costs Indirect costs located: Machine operations Choose from any list or enter any number in the input fields and then continue to the next question Save for later Artprint Corporation owns a small printing press that prints leaflets, brochures, and advertising materials Artprint classifies its various printing jobs as standard jobs or specialjobs. (Click the loon to view additional information.) To see how activity based costing would affect the costs of standard and specialjobs, Artprint collects the following information for the fiscal year 2017 that just ended. (Click the icon to view the information) Read the requirements Job Job ABC Costing System Cost of supplies Direct manufacturing labor costs Indirect costs allocated: Machine operations Setups Purchase orders Design Marketing Administration Total costs Coat of each jo Requirement. Compare the costs of a standard job and a specialjob in requirements 1 and 2 Why do the simple and activity based costing systems differ in the cost of a standard job and a special job? Standard jobs con under the simple costing system than under the activity based costing system. Specials cost under the simple conting stem than under the activity-based costing system Relative to the ABC system, the simple costing system standard jobs and specialjobs Choose from any stor enter any number in the input fields and then continue to the next question Save for Later MacBook Pro Artprint Corporation owns a small printing press that prints leaflets, brochures, and advertising materials Artprint classifies its various printing jobs as standard jobs or specialjobs. (Click the icon to view additional Information) To see how activity based costing would affect the costs of standard and specialjobs, Artprint collects the following information for the firscal year 2017 that just ended. (Click the loon to view the information) Read the requirements Total costs Cost of each job Requirements. Compare the costs of a standard job and a special job requirements 1 and 2. Why do the simple and activity based costing systems differ in the cost of a standard job and a special job? Standard jobs cost under the simple conting system than under the activity-based costing system. Specialjobs cost under the simple costing som han under the activity based costing system, Relative to the ABC system, the simple costing system standard jobs and Requirement 4. How might Artprint use the new cost information from its activity based costing system to better manage its business? OA Under the simple system, Artprint was making a grous margin of 33% on each standard job and 35% on each special job. But, the ABC om reveals that it is actually making a gross margin of about 30% on each standard job and about 31% on each specialjob. Depending on the market competitiveness, Artprit may her want to reprice the different types of jobs, or, it may choose to market standard jobs more aggressively than before OB. Under the simple system, Artprint was making a gross margin of 33% on each standard job and 36 on each specialjob. But, the ABC system reveals that it is actually making a grous margin of about 30% on each standard and about 31 on each special job. Depending on the market competiveness. Artrit may her want to reprice the different types of jobs, or, it may choose to market special jobs more aggressively than before Oc. Under the simple system, Artprint was making a gross margin of 35% on each standard job and 33% on each specialjob. But, the ABC system reveals that it is actually making a gross margin of about 31% on each standard job and about 30% on sach specialjob. Depending on the market competitiveness may he want to reprice the different types of job or, it may choose to market specielo more gressively than before OD. None of the above. The new cost information would have no impact on how the company manage its bus Choose from any list or enter any number in the input fields and then continue to the next to Save for later Questi i Data Table Artpri 1 Total Cause-and-Effect Relationship Between Allocation Base and Activity Cost 2 Number of printing jobs 3 Price per job 4 Cost of supplies per job 5 Direct labor costs per job 6 Printing machine-hours per Job Standard Job Special Job 2,200 1,100 $ 1,400 $ 1,800 $ 130$ 260 ecial $ 130$ 220 10 10 posting Indirect costs of operating printing machines 858,000 increase with printing machine-hours $ 8 9 z Cost of printing machine operations 8 Setup-hours per job 9 Setup costs 10 Total number of purchase orders $ 797,500 Indirect setup costs increase with setup-hours rin stan 350 450 11. Purchase order costs irgin spe $ 12.000 $ Indirect purchase order costs increase with number $ 27.200 of purchase orders Design costs are allocated to standard and special jobs based on a special study of the design 22,000 $ 34,000 department 6%$ 303,600 Demand for administrative resources increases with $ 227,040 direct labor costs pe 12 Design costs 13 Marketing costs as a percentage of revenues 3% 14 Administration costs Print Done Requirements - bllowing information for the fiscal year 2017 that just ended. (Click the icon to view the information.) Read the requirements 1. Calculate the cost of a standard job and a special job under the simple costing system. 2. Calculate the cost of a standard job and a special job under the activity-based posting system 3. Compare the costs of a standard job and a special job in requirements and 2. Why do the simple and activity based costing systems differ in the cost of a standard job and a special job? 4. How might Artprint use the new cost information from its activity-based costing system to better mange its business? mple and activity based costing systems differ in the cost of a standard job and a special job? ind 1 More Info Print Done pos 26% on more O A Under the simple system, Artprint was making a gross margin of 33% on each standard job and 35% on each standard job and about 31% on each specialjob. Depending on the market competitiveness, Artprint aggressively than before. OB. Under the simple system, Artprint was making a gross margin of 33% on each standard job and 36% on a aggressively than before. each standard job and about 315 on each specialjob. Depending on the market competitiveness, Artprint OC. Under the simple system, Atprint was making a gross margin of 35% on each standard job and 33% on each standard job and about 36% on each job. Depending on the market competitiveness, Artprint aggressively than before OD. None of the above. The new cost information would have no impact on how the company manages its busi Artprint's simple job-cosling system has two direct cost categories (direct materials and direct labor) and a single indirect cost pool. Artprint operates at capacity and allocates all indirect costs using printing machine-hours as the allocation base Artprint is cortomed about the accuracy of the costs assigned to standard and special jobs and therefore is planning to implement an activity-based costing system. Atprint's ABC system would have the same direct cost categories as is simple costing system. However, instead of a single indirect-cost pool there would now be so categories for signing indirect costs design, purchasing, setup, printing machine operations, marketing, and administration 0% on hore 51% on hore Print Done Choose from any list or enter any number in the input fields and then continue to the next question Save for later