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Problem
A Allocating costs with different cost drivers
Wallace Publishing identified the following overhead activities, their respective costs, and their cost drivers to produce the three types of textbooks the company publishes.
Type of Textbook
Activity (Cost)
Cost Driver
Deluxe
Moderate
Economy
Machine maintenance ($264,000)
Number of machine hours
260
740
1,200
Setups ($424,000)
Number of setups
25
14
6
Packing ($144,000)
Number of cartons
12
29
55
Photo development ($390,000)
Number of pictures
4,100
1,800
1,300
Deluxe textbooks are made with the finest-quality paper, six-color printing, and many photographs. Moderate texts are made with three colors and a few photographs spread throughout each chapter. Economy books are printed in black and white and include pictures only in chapter openings.
Required:
a. Wallace currently allocates all overhead costs based on machine hours. The company produced the following number of books during the prior year.
42,000
148,000
197,000
Determine the overhead cost per book for each book type. (Round intermediate calculations and final answers to 2 decimal places.) b. Determine the overhead cost per book, assuming that the volume-based allocation system described in Requirement a is replaced with an activity-based costing system. (Round your answers to 2 decimal places.)
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