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Craft Pro Machining produces machine tools for the construction Industry. The following details about overhead costs were taken from its company records. Indirect Materials Indirect

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Craft Pro Machining produces machine tools for the construction Industry. The following details about overhead costs were taken from its company records. Indirect Materials Indirect Labor $ 410,000 Other Overhead $155.000 Production Activity Grinding Polishing Product modification Providing power System calibration 650,000 $225,000 440,000 Additional Information on the drivers for its production activities follows. 1800 engineering Grinding 10,000 machine hours Polishing 10,000 machine hours Product 0 modification hours Providing power direct labor 16,000 hours System calibration 300 batches Number of units Machine hours Engineering hours Batches Direct labor hours Job 3175 150 units 350 MH 32 eng hours 20 batches 510 DLH Job 4286 1.875 units 3.500 MH 32 eng hours 60 batches 4.590 LH Required: Classify each activity as unit level, batch level, product level, or facility 1. vel. Grinding Polishing Product modification Providing power System calibration Required: 2, 3 & Compute the activity overhead rates using ABC. Combine grinding 4. and polishing into one cost pool. Determine overhead costs to assign to the following jobs using ABC. What is the overhead cost per unit for Job 3175? What is the overhead cost per unit for Job 4286? (Round your activity rate and average overhead cost per unit to 2 decimal places. Round "overhead assigned to the nearest whole dollar.) Job 3175 Activity driver incurred Overhead d Overhead Cost Job 4286 Activity Overhead driver assigned Activity Activity Drivers Activity Rate assigned incurred Machine Grinding & Polishing hours Engineering Product modification Providing power System calibration Direct labor batches Required: 5. If the company used a plantwide overhead rate based on direct labor hours, what is the overhead cost for each unit of Job 3175? Of Job 4286? (Do not round intermediate calculations. Round "OH Cost per unit" answers to 2 decimal places.) of Product Units Produced OH Cost per unit Job 3175 Job 4286 bu Plantwide Total Overhead DL hours OH rate Cost $ 0.00 $ $ 0.00 $ 0

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