Craftmore Machining reports the following budgeted overhead cost and related data for this year. Required $1$

Required $2$

Required $4$

Compute a single plantwide overhead rate assuming the company allocates overhead cost based on $13,000$ direct labor hours. 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 $1.$ Compute an activity rate for each activity using activity$-$based costing.

Note: Round "Activity Rate" to $2$ decimal places.

$\backslash$table$[[$Activity$,$Budgeted Cost,Budgeted Activity Usage,Activity Rate$],[$Assembly$,,,],[$Product desigr,,,$],[$Electricity$,,,],[$Setup$,,,]]$Allocate overhead costs to Job $31$ and Job $42$ using activity$-$based costing.

Note: Round "Activity Rate" to $2$ decimal places.

Required:

Compute a single plantwide overhead rate assuming the company allocates overhead cost based on $13,000$ direct labor hours.

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 $1.$

Compute an activity rate for each activity using activity$-$based costing.

Allocate overhead costs to Job $31$ and Job $42$ using activity$-$based costing.