Question 1 A company has identied the following overhead costs and cost drivers for the...
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Accounting
Question 1 A company has identied the following overhead costs and cost drivers for the coming year: The following information was collected on three jobs that were completed during the year: Overhead Item Cost Driver Budgeted Cost Budgeted Activity Level Machine setup Number of setups $ 20,000 100 Inspection Number of inspections $130,000 13,000 Material handling Number of material $80,000 4,000 moves Engineering Engineering hours $50,000 2,000 $280,000 Job 101 Job 102 Job 103 Direct materials $5,000 $12,000 $8,000 Direct labor $2,000 $ 2,000 $4,000 Units completed Number of setups Number of inspections 20 10 30 Number of material moves 30 10 50 Engineering hours 10 50 10 Budgeted direct labor cost was $100,000, and budgeted direct material cost was $280,000. If the company uses activitybased costing, the cost of each unit of Job 102 would be: a) $39.00 b) $319.00 c) $15950 d) $299.00 e) $219.00 1 pts
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