Check my work 10 Craftmore Machining reports the following budgeted overhead cost and related data for this year. 3 points Activity Assembly Product design Electricity Setup Total Budgeted Cost $ 507,000 78,000 26,000 65,000 $ 676,000 Activity Cost Driver Direct labor hours (DLH) Engineering hours (EH) Machine hours (MH) Setups Budgeted Activity Usage 13,000 1,500 10,000 520 8 03:47:01 Skipped 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 320 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. eBook Print Activity Usage Job 31 Job 42 320 600 38 44 50 60 6 8 Activity Cost Driver Direct labor hours (DLH) Engineering hours (EH) Machine hours (MH) Setups References 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 Denominator Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Job 31 used 320 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. Plantwide Overhead Rate Direct Labor Hours per Unit Overhead Allocated Job 31 Job 42 Required 1 Required 2 Required 3 Required 4 Compute an activity rate for each activity using activity-based costing. (Round "Activity Rate" to 2 decimal places.) Budgeted Cost Budgeted Activity Usage Activity Rate Activity Assembly Product design Electricity Setup Skipped Required 1 Required 2 Required 3 Required 4 Allocate overhead costs to Job 31 and Job 42 using activity-based costing. (Round "Activity Rate" to 2 decimal places.) eBook Allocate overhead to Job 31 Activity Usage Activity Rate Allocated Cost Print Activity Assembly Product design Electricity References Setup Total $ 0 Allocate overhead to Job 42 Activity Usage Activity Rate Allocated Cost Activity Assembly Product design Electricity Setup Total $ 0