1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours. 2. Job 31 used 280 direct labor hours and Job 42 used 560 direct labor hours. Allocate overhead cost to each job using the single plantwide overhead rate from part 1. 3. Compute an activity rate for each activity using activity-based costing. 4. Allocate overhead costs to Job 31 and Job 42 using activity-based costing. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Job 31 used 280 direct labor hours and Job 42 used 560 direct labor hours. Allocate overhead cost to each job using the single plantwide overhead rate from part 1. \begin{tabular}{|l|l|l|l|l|} \hline \multicolumn{1}{|c|}{ Activity } & Budgeted Cost & Budgeted Activity Usage & \multicolumn{2}{c|}{ Activity Rate } \\ \hline Assembly & & & & \\ \hline Product design & & & & \\ \hline Electricity & & & & \\ \hline Setup & & & & \\ \hline & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Allocate overhead to Job 31} \\ \hline Activity & Activity Usage & Activity Rate & Allocated Cost \\ \hline \multicolumn{4}{|l|}{ Assembly } \\ \hline \multicolumn{4}{|l|}{ Product design } \\ \hline \multicolumn{4}{|l|}{ Electricity } \\ \hline \multicolumn{4}{|l|}{ Setup } \\ \hline \multicolumn{4}{|l|}{ Total } \\ \hline \multicolumn{4}{|c|}{ Allocate overhead to Job 42} \\ \hline Activity & Activity Usage & Activity Rate & Allocated Cost \\ \hline \multicolumn{4}{|l|}{ Assembly } \\ \hline \multicolumn{4}{|l|}{ Product design } \\ \hline \multicolumn{4}{|l|}{ Electricity } \\ \hline \multicolumn{4}{|l|}{ Setup } \\ \hline Total & & & \\ \hline \end{tabular}