Cornwell Products has adopted an ABC costing system. The following manutacturing activetes, The Job Cost Record for Job in804 revealed that direct materials requisitioned for the job indirect manufacturing costs, and oost drivers have been identified: totaled \$1,250. The Job Coat Record also showed that direct labor for this job totaled 12 (Click the ioon to view the activity costs and drivers.) hours at a wage rate of $30 per hour. Oeher data collected on the resources used by Job the 804 included: Requirement 1. Caiculate the activity cost allocation rate for each of the five pools listed in the table. Round the allocation rate to the neareat cent. Abtraviations used: DL. = direct labor, MH = machine hour.) Requirement 2. Calculate the total cost of Job neb- (use an ABC costing syatem). Requirement 3. Why would ABC provide a more accurate allocation of manufacturing overhead (MOH) than a plantwide rate? The cost estimate based on ABC would provide a more accurate allocation of MOH than a plantwide rate because this cost estimate takes into account This information can be used to Requirement 4. Assume that Cormwell Products used a traditional costing system rather than an ABC system. Its plantwide MOH rate would have been desermined using direct labor (DL) hours as the allocation base. How much cost distorticn would have occurred on this job? Begin by calculating the plantwide overhead rate. First identify the formula used to compute the plantwide overhead rate, then compute the rate. (Round the rate to the nearest whole dallar.) = Plantwide overhead rate = Data table Data table