Craftmore Machining reports the following budgeted overhead cost and related data for this year. Activity Budgeted Cost Assembly $575,250 Activity Cost Driver Direct labor hours (DLH) Product design 88,500 Electricity 29,500 Engineering hours (EH) Machine hours (MH) Setup 73,750 Setups Total $767,000 Budgeted Activity Usage 13,000 1,500 11,800 590 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 320 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 (DLH) Engineering hours (EH) Machine hours (MH) Setups Activity Usage Job 31 Job 42 320 680 45 51 60 60 6 8 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 t Required 2> < Prev 6 of 6 Next AULAVILY Assembly Product design Electricity Setup Total Duuyeteu LUST $ 575,250 AULIVILY CUST Driver Direct labor hours (DLH) Duugeted ACLIVILY Usage 13,000 88,500 29,500 Engineering hours (EH) Machine hours (MH) 1,500 11,800 73,750 Setups 590 $ 767,000 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 320 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 (DLH) Engineering hours (EH) Machine hours (MH) Setups Activity Usage Job 31 Job 42 680 51 60 8 3201 45 2406 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Job 31 used 320 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. Job 311 Job 42 Plantwide Overhead Rate < Required 1 Overhead Direct Labor Hours per Unit Allocated Required 3> < Prev 6 of 6 Next Assembly $313,250 Direct labor nours (ULN) Product design 88,500. Electricity 29,500 Engineering hours (EH) Machine hours (MH) 1,500 11,800 Setup Total 73,750 $ 767,000 Setups 590 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 320 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 (DLH) Engineering hours (EH) Machine hours (MH) Setups Activity Usage Job 31 Job 42 320 680 45 51 60 60 6 8 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 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 < Prev 6 of 6 Activity Rate: Next 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 42 320 680 45 51 60 6 60 8 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.) Activity Assembly Product design Electricity Setup Total Activity Assembly Product design Electricity Setup Total Allocate overhead to Job 31 Activity Usage Activity Rate Allocated Cost Allocate overhead to Job 42 Activity Usage Activity Rate Allocated Cost