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#1 HW need help with requirements 1-4 please Craftmore Machining reports the following budgeted overhead cost and related data for this year. Activity Budgeted Cost

#1 HW need help with requirements 1-4 please

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Craftmore Machining reports the following budgeted overhead cost and related data for this year. Activity Budgeted Cost Activity Cost Driver Budgeted Activity Usage Assembly $ 409, 500 . Direct labor hours ( DLH ) 13,000 Product design 63,000 Engineering hours ( EH) 1, 000 Electricity 21,000 Machine hours (MH) 10,500 Setup 52 , 500 Setups 420 Total $ 546 , 000 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 220 direct labor hours and Job 42 used 500 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 Usage Activity Cost Driver Job 31 Job 42 Direct labor hours (DLH) 220 500 Engineering hours ( EH) Machine hours ( MH) Setups Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours. Numerator

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