18. (8 points) Beagle Company uses activity based costing (ABC) to allocate overhead costs. Beagle...
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18. (8 points) Beagle Company uses activity based costing (ABC) to allocate overhead costs. Beagle has identified the following overhead costs and cost drivers for the coming year: Overhead Item Machine setup Inspection Material handling Engineering Cost Driver Budgeted Cost Number of setups $ 20,000 Number of inspections 130,000 Number of material moves 80.000 Engineering hours 50.000 Budgeted Activity Level 200 6.500 8.000 1,000 Budgeted direct labor cost was $100,000 and budgeted direct material cost was $280,000. The following information was collected on three jobs that were completed during the year: Direct materials Direct labor Units completed Number of setups Number of inspections Number of material moves Engineering hours Job 101 $ 5.000 $ 2.000 100 1 20 30 10 Job 102 $12.000 $ 2.000 50 2 10 10 50 Job 103 $ 8.000 $ 4,000 200 4 30 50 10 Calculate the total cost of Job 101
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