Craftmore Machining reports the following budgeted overhead cost and related data for this year. Activity Cost Driver Activity Budgeted Cost Assembly $ 477,750 Direct labor hours (DLH) Product design 73,500 Engineering hours (EH) Electricity 24,500 Machine hours (MH) Setup 61,250 Setups Total $ 637,000 Budgeted Activity Usage 13,000 1,470 10,000 490 Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor ho 2. Job 31 used 320 direct labor hours and Job 42 used 560 direct labor hours. Allocate overhead cost to each job using the s 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 42 320 560 35 41 60 5 60 7 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