Craftmore Machining reports the following budgeted overhead cost and related data for this year. Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,00 nours. 2. Job 31 used 200 direct labor hours and Job 42 used 480 direct labor hours. Allocate overhead cost to eac single plantwide overhead rate from part 1. 3. Compute an activity rate for each activity using activity-based costing. 7. Allocate overhead costs to Job 31 and Job 42 using activity-based costing. \begin{tabular}{|l|l|l|l|} Required 1 & Required 2 & Required 3 & Required 4 \end{tabular} Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours. \begin{tabular}{|l|l|l|l|l|} \hline Numerator & & \\ \hline Denominator & & \\ \hline \end{tabular} Job 31 used 200 direct labor hours and Job 42 used 480 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. (Round "Activity Rate" to 2 decimal places.) \begin{tabular}{|l|l|l|l|l|l|} \hline \multicolumn{1}{|c|}{ Activity } & Budgeted Cost & \multicolumn{2}{c|}{ Budgeted Activity Usage } & \multicolumn{1}{c|}{ Activity Rate } \\ \hline Assembly & & & & & \\ \hline Product design & & & & & \\ \hline Electricity & & & & & \\ \hline Setup & & & & \\ \hline \end{tabular} Allocate overhead costs to Job 31 and Job 42 using activity-based costing. (Round "Activity Rate" to 2 decimal plac