1 Craftmore Machining reports the following budgeted overhead cost and related data for this year. 10 points Activity Assembly Product design Electricity Setup Total Budgeted Cost $ 516,750 79,500 26,500 66,250 $ 689,000 Activity Cost Driver Direct labor hours (DLH) Engineering hours (EH) Machine hours (MH) Setups Budgeted Activity Usage 13,000 1,500 10,000 530 eBook Print References Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours. 2. Job 31 used 360 direct labor hours and Job 42 used 600 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. Activity Cost Driver Direct labor hours (DLH) Engineering hours (EH) Machine hours (MH) Setups Activity Usage Job 31 Job 42 360 600 39 45 60 60 5 7