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 $ 468,000 Product design 72,000 Engineering hours (EH) Electricity 24,000 Machine hours (MH) Setup 60,000 Setups Total $ 624,000 Budgeted Activity Usage 13,000 1,440 10,000 400 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 280 direct labor hours and Job 42 used 560 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 42 280 560 34 40 55 6 60 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 1 Required 2 >