Activity	Budgeted Cost	Activity Cost Driver	Budgeted Activity Usage
Assembly	$ 468,000	Direct labor hours (DLH)	13,000
Product design	72,000	Engineering hours (EH)	1,440
Electricity	24,000	Machine hours (MH)	10,000
Setup	60,000	Setups	400
Total	$ 624,000

Craftmore Machining reports the following budgeted overhead cost and related data for this year. Budgeted Activity Assembly Product design Electricity Setup Total Budgeted Cost $ 468,000 72,000 24,000 60,000 $ 624,000 Activity Cost Driver Direct labor hours (DLH) Engineering hours (EH) Machine hours (MH) Setups 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 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. Activity Cost Driver Direct labor hours (DLH) Engineering hours (EH) Machine hours (MH) Setups Activity Usage Job 31 Job 42 280 560 34 40 55 60 6 8 Complete this question by entering your answers in the tabs below