Craftmore Machining reports the following budgeted overhead cost and related data for this year. Activity Activity Cost Driver Direct labor hours (DLH) Budgeted Cost Assembly $ 409,500 Product design 63,000 Engineering hours (EH) Electricity Setup 21,000 52,500 Machine hours (MH) Setups Total $ 546,000 Budgeted Activity Usage 13,000 1,000 10,500 420 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 220 direct labor hours and Job 42 used 500 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) Activity Usage Job 31 Job 421 2201 500 28. 34 52 4 62 6 Machine hours (MH) Setups Complete this question by entering your answers in the tabs below. Required 11 Required 21 Required 3 Required 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 Allocate overhead to Job 31 Activity Usage Activity Ratel Allocated Cost