Leo Company has identified the following overhead costs and cost drivers for next year:
|
Overhead Item
|
Expected Costs
|
Cost Driver
|
Maximum Quantity
|
|
Setup costs
|
$1,152,000
|
Number of setups
|
4,800
|
|
Ordering costs
|
320,000
|
Number of orders
|
40,000
|
|
Maintenance
|
1,600,000
|
Machine-hours
|
64,000
|
|
Power
|
160,000
|
Kilowatt-hours
|
400,000
|
The following are two of the jobs completed during the year:
| |
Job 201
|
Job 202
|
|
Direct materials
|
$18,000
|
$20,000
|
|
Direct labor
|
$24,000
|
15,000
|
|
Units completed
|
750
|
600
|
|
Direct labor-hours
|
180
|
220
|
|
Number of setups
|
12
|
15
|
|
Number of orders
|
16
|
30
|
|
Machine-hours
|
360
|
300
|
|
Kilowatt-hours
|
180
|
240
|
Determine the unit cost for each job using the four cost drivers. (Round amounts to 2 decimal places.)