Craftmore Machining reports the following budgeted overhead cost and related data for this year. Activity Activity Cost Driver Budgeted Cost Assembly $ 516,750 Direct labor hours (DLH) Product design Electricity 79,500 26,500 Engineering hours (EH) Machine hours (MH) Setup 66,250 Setups Total $ 689,000 Budgeted Activity Usage 13,000 1,500 10,000 530 Required: 1. Compute a single plantwide overhead rate assuming the company allocates averhead cost based on 13,000 direct labor hours. 2. Job 31 used 360 direct labor hours and Job 42 used 600 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 (DLH) Engineering hours (EH) Machine hours (MH) Setups Activity Usage Job 31 Job 42 360 600 39 45 60 60 5 7 Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours. Numerator of Denominator Job 31 used 360 direct labor hours and Job 42 used 600 direct labor hours. Allocate overhead cost to each job using the single plantwide overhead rate from part 1. Job 31 Job 42 Plantwide Overhead Rate Overhead Direct Labor Hours per Unit Allocated Required 1 Required ?> bes Compute an activity rate for each activity using activity-based costing. (Round "Activity Rate" to 2 decimal places.) Activity Budgeted Cost Assembly Product design Electricity Setup Budgeted Activity Usage Activity Rate rences 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 Assembly Product design Electricity Setup Total Activity Usage Activity Rate Allocated Cost $ 0 Allocate overhead to Job 42