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Budgeted direct labor cost was 100000 and budgeted direct

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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 $130,0006,500
  • Material handling Number of materials moves $80,000 8,000
  • Engineering Engineering hours $50,0001,000

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:

  • Job 101 Job 102 Job 103
  • Direct materials $5,000 $12,000 $8,000
  • Direct labor $2,000 $2,000 $4,000
  • Units completed 100 50 200
  • Number of setups 1 2 4
  • Number of inspections 20 10 30
  • Number of material moves30 10 50
  • Engineering hours 10 5010

If the company uses activity-based costing (ABC), how much overhead cost should be assigned to Job 101?

Reference no: EM13602364

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