Traditional Product Costing versus Activity-Based Costing Ridgeland Inc. makes backpacks for large sporting goods chains that are sold under the customers store brand names. The Accounting Department has identified the following overhead costs and cost drivers for next year: Overhead Item Expected Costs Cost Driver Maximum Quantity 7,200 Setup costs $489,600 Number of setups Ordering costs 130,000 Number of orders 65.000 920.000 Number of machine hours 80.000 Maintenance kilowatt hours 440.000 Power 88,000 Number Total predicted direct labor hours for next year is 42,500. The following data are for two recently completed jobs: Job 201 lob 202 Cost direct materials $10.500 $12,000 Cost of direct labor $18,600 $62.300 Number of units completed 900 750 Number of direct labor hours 220 270 Number of setups 15 19 Number of orders 21 42 Number of machine hours 450 360 200 Number f kilowatt hours 300 a. Determine the unit cost for each job using a traditional plantwide overhead rate based on direct labor hours Round cost per unit answers to two decimal places when applicable. Job 201 lob 202 Direct materials $ 12,000 10.500 Direct labor 18,600 62,300 8,426 10,341 Overhead 37,526V 84.641 Total cost Units produced 900 750 41.7 112.85 Cost per unit b. Determine the unit cost for each job using ABC. Round cost per unit answers to two decimal places when applicable. Job 201 Job 202 Direct materials 12.000 10,500 Direct labon 18.600 62,300 0 X Setup cost 0 X 0 X Ordering costs Maintenance costs 0 Power Total job costs 0 x Units produced 0x Cost per unit