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 $ 575,250 Product design 88,500 Electricity Setup Total 29,500 73,750 Engineering hours (EH) Machine hours (MH) Setups $ 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) Setupa 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 59 Denominator Required f Required 2 > < Prev 6 of 6 Next >