Craftmore Machining reports the following budgeted overhead cost and related data for this year. Activity Budgeted cont Activity Cost Driver Budgeted Activity Usage Assembly $ 565,500 Direct labor hours (DLH) 13,000 product design 87,000 Engineering hours (ER) 1,500 Electricity 29,000 Machine hours (MH) 10,000 Setup 72,500 Setups 580 Total $ 754,000 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 380 direct labor hours and Job 42 used 680 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, Activity Cost Driver Direct labor hours (DLI) Engineering hours (EH) Machine hours (MI) Setup Activity Usage Job 31 Job 42 380 680 44 50 50 4 6 50 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 Required: Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Job 31 used 380 direct labor hours and Job 42 used 680 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 54 Complete this question by entering your answers in the tabs below. 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.) Allocate overhead to Job 31 Activity Activity Usage Activity Rate Allocated Cost Assembly Product design Electricity Setup Total $ 0 Allocate overhead to Job 42 Activity Usage Activity Rate Allocated Cost Activity Assembly Product design Electricity Setup Total $ 0