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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. Production Activity 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. Production Activity Indirect Labor Indirect Materials Other Overhead Grinding $37 , . Polishing $140,000 Product modification 400,000 Providing power $210,000 System calibration 450,000 Additional information on the drivers for its production activities follows Grinding and Polishing Product modification Providing power System calibration 19,000 machine hours 1,500 engineering hours 15,000 direct labor hours 350 batches Number of units Machine hours Engineering hours Batches Direct labor hours Job 3175 148 units 450 MH 34 eng. hours 10 batches 520 DLH Job 4286 1,750 units 4,500 MH 28 eng. hours 30 batches 4,680 DLH Required: 1. Classify each activity as unit level, batch level, product level, or facility level. Grinding Polishing Product modification Providing power System calibration Required: 2,3 & 4. Compute the activity overhead rates using ABC Combine the grinding and polishing costs into a single cost pool Determine overhead costs to assign to the above 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 Job Activity driver incurred Overhead assigned Overhead Cost Activity Rate Activity Divers Activity Grinding & Polishing Produd modification Machine hours Engineering his Drect laboris Providing power System calibration batches Required: 5. If the company uses a plantwide overhead rate based on direct labor hours, what is the overhead cost for each unit of Job 3175? or Job 4286? (Do not round intermediate calculations. Round "OH Cost per unit" answers to 2 decimal places.) Units Produced Ct per unit Product DL hours Plantwide OH Total Overhead Cost rate $ 0.001s $ 0.00 Job 3175 0 0 Job 4286

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