Complete this question by entering your answers in the tabs below. Job 31 used 360 direct labor hours and Job 42 used 650 direct labor hours. Allocate overhead cost to each job using plantwide overhead rate from part 1. Craftmore Machining reports the following budgeted overhead cost and related data for this year. Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13.000 direct labo 2 Job 31 used 360 direct labor hours and Job 42 used 650 direct labor hours. Allocate overhead cost to each job using th plantwde overhead rate from part 1. 3. Compute an activity rate for each actlvity using activity-based costing. 4. Allocate overhead costs to Job 31 and Job 42 using activity-based costing. Complete this question by entering your answers in the tabs below. Compute an activity rate for each activity using activity-based costing. Note: Round "Activity Rate" to 2 decimal places. Craftmote Machining reports the following budgeted overhead cost and related data for this year. Requitred: 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 650 direct labor hours. Allocate overhead cost to each job using the single piantwide overhead rate from part 1. 3. Compute an actlvity rate for each activity using activity-based costing. 4. Alocate overhead costs to Job 31 and Job 42 using activity-based costing. Complete this question by entering your answers in the tabs below. Allocate overhead costs to 30b31 and Job 42 using activity-based costing. Note: Round "Activity Rate' to 2 decimal places. Craftmore Machining reports the following budgeted overhead cost and related data for this year. 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 650 direct labor hours. Allocate overhead cost to each job using the singl 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. Complete this question by entering your answers in the tabs below