Craftmore Machining reports the following for this year. Budgeted Activity Activity Budgeted Cost Activity Cost Driver Usage Assembly $ 396,009 Direct labor hours 13,800 Product design 66,098 Engineering hours 1,809 Electricity 26,606 Machine hours 18,366 Setup 56,608 Setups 466 Total 5 526,068 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 eachjob using the single plantwide overhead rate from part 1. Activ it! Usage Activity Cost Driver Job 31 Job 42 Direct labor hours 200 486 Engineering hours 26 32 Machine hours 50 60 Setup 4 6 3. Compute an activity rate for each activity using activitybased 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 Compute a single plantwide overhead late assuming the oompa nv allocates overhead based on 13,000 direct labor hours. Select Numerator Select Denominator Required 2 > Complete this question by entering your answers in the labs below. Required 1 Required 2 Required 3 Required 4 Job 31 used 200 direct labor hours and Job 42 used 480 direct labor hours. Allocate overhead costs to each jol single plantwide overhead rate from part 1. _ mm __ _ mm __