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Question - Taylor Inc. uses a volume-based costing system that applies overhead cost based on direct labor hours at $250 per direct labor hour. The company is considering adopting an activity-based costing system with the following data:
Activity Area
Cost Driver
Cost Driver Rate
Materials handling
# of parts
2.5
Machine runs
# of turns
0.6
Milling
# of machine hours
20.0
Grinding
1.5
Testing
# of units tested
15.0
The two jobs processed in the month of June had the following characteristics:
Job 101
Job 102
Direct material costs
$20,000
$60,000
Direct labor costs
$2,000
$30,000
# of direct labor hours
50
500
1,000
3,000
20,000
50,000
150
20
250
Required -
a. Compute the unit manufacturing cost of each job under the firm's current volume-based costing system.
b. Compute the unit manufacturing cost of each job under the activity-based costing system.
c. Compare the unit manufacturing cost for Jobs A and B computed in requirements 1 and 2.
d. Why do the two cost systems differ in their total cost for each job?
e. Why might these differences be important to the Company?
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