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

Required:

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

Job $31$ used $340$ direct labor hours and Job $42$ used $620$ 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.

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Required $1$

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