Craftmore Machining reports the following budgeted overhead cost and related data for this year. Activity Budgeted Cost Assembly $ 399,750 Activity Cost Driver Direct labor hours (DLH) Product design Electricity Setup 61,500 20,500 Engineering hours (EH) Machine hours (MH) 51,250 Setups Total $ 533,000 Budgeted Activity Usage 13,000 1,230 10,000 410 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 240 direct labor hours and Job 42 used 520 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 42 240 520 27 33 60 60 5 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.) 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 0 Allocate overhead to Job 42 Activity Usage Activity Rate Allocated Cost $ 0 < Required 3 Required 4 >