Craftmore Machining reports the following budgeted overhead cost and related data for this year. Required: 1. Compute a single plantwde overhead rate assuming the company aliocates overhead cost based on 13.000 direct fabor hours. 2. Job 31 used 320 direct labor hours and Job 42 used 600 direct labor hours. Allocate ovemead cost to each job using the single plantwide overnead rate from part 1. 3. Compute an activity rate for each activity using activty-based costing 4. Allocate overhead costs to Job 31 and Job 42 using activity-based costing. Complote this question by entering your answers in the tabs bolow. Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hour 2. Job 31 used 320 direct labor hours and Job 42 used 600 direct labor hours. Allocate overhead cost to each job using the sing 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. Complete this question by entering your answers in the tabs below. 3ob 31 used 320 direct Iabor hours and job 42 used 600 direct labor hours. Allocate overhead cost to each job using the single plantwide overinead rabe trom part is. Coesplete this question by entering yeur answers in the tabs below. Complete this question by entering your answers in the tabs below. Allocate overhead costs to Job 31 and Job 42 using activity-based costing. (Round Activity Rate to 2 decimal places