5 Craftmore Machining reports the following budgeted overhead cost and related data for this year. Budgeted Cost $ 409,500 Activity Cost Driver Direct labor hours (DLH) Engineering hours (EH) Machine hours (MH) 63,000 21,000 Budgeted Activity Usage 13,000 1,000 10,500 420 52,500 Setups $546,000 Activity Assembly Product design Electricity Setup Total 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 Cost Driver Direct labor hours (DLH) Engineering hours (EH) Machine hours (MH) Setups Activity Usage Job 31 220 28 52 4 Job 42 500 34 62 6

Craftmore Machining reports the following budgeted overhead cost and related data for this yeat Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct iabor 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