Craftmore Machining reports the following for this year. Activity Assembly Product design Electricity Setup Total Budgeted Coat Activity Cont Driver $ 390,000 Direct labor hours 60,000 Engineering hours 20,000 Machine hours 50.000 Setups $ 520.000 Budgeted Activity Usage 13,000 1,000 10,000 400 Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead based on 13,000 direct labor hours. 2. Job 31 used 200 direct labor hours and Job 42 used 480 direct labor hours. Allocate overhead costs to each job using the single plantwide overhead rate from part 1. Activity Cost Driver Direct labor hours Engineering hours Machine hoorn Setup Activity Usage Job 31 Job 42 200 480 26 32 50 60 4 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. Required 1 Required 2 Required 3 Required 4 Prev 1 of 1 : Next Required 1 Required 2 Required 3 Required 4 Allocate overhead costs to Job 31 and Job 42 using activity-based costing. Allocate overhead to Job 31 Activity Usage Activity Rate 200 Direct labor hours 6,000 per direct labor hour Allocated Cost 14,400 Activity Assembly Product design Electricity Setup Total 14.400 Allocate overhead to Job 42 Activity Usage + Activity Rate Allocated Cost Activity Assembly Product design Electricity Setup Total