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

$\backslash$table$[[$Activity$,$Budgeted Cost,Activity Cost Driver,Budgeted Activity Usage$],[$Assembly$,$$$555,750,$Direct labor hours $($DLH$),13,000],[$Product design,$85,500,$Engineering hours $($EH$),1,500],[$Electricity$,28,500,$Machine hours $($MH$),11,400],[$Setup$,71,250,$Setups,$570],[$Total$,$$$741,000,,]]$

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.

$\backslash$table$[[,$Activity Usage$],[$Activity Cost Driver,Job $31,$Job $42],[$Direct labor hours $($DLH$),320,680],[$Engineering hours $($EH$),43,49],[$Machine hours $($MH$),56,58],[$Setups$,6,8]]$

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