Craftmore Machining reports the following budgeted overhead cost and related data for this year. Activity Activity Cost Driver Budgeted Cost Assembly $ 497,250 Direct labor hours (DLH) Product design Electricity 76,500 25,500 Setup 63,750 Engineering hours (EH) Machine hours (MH) Setups Total $ 663,000 Budgeted Activity Usage 13,000 1,500 10,200 510 Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours. 2. Job 31 used 320 direct labor hours and Job 42 used 600 direct labor hours. Allocate overhead cost to each job using the single 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. Activity Cost Driver Direct labor hours (DLH) Engineering hours (EH) Machine hours (MH) Setups Activity Usage Job 31 Job 42 320 600 37 43 40 70 5 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4