5) A company has identified the following overhead costs and
cost drivers for the coming year:
Overhead Item
Cost Driver
Budgeted Cost
Budgeted Activity Level
Machine setup
Number of setups
$ 20,000
200
Inspection
Number of inspections
130,000
6,500
Material handling
Number of material moves
80,000
8,000
Engineering
Engineering hours
50,000
1,000
Total
$280,000
The following information was collected on three jobs that were
completed during the year:
Job 101
Job 102
Job 103
Direct materials
$5,000
$12,000
$8,000
Direct...