Exercise 17-14 (Algo) Allocating overhead cost to jobs using activity-based costing LO P3 Pro-Craft Company computed the following activity rates to allocate overhead cost for the year. Activity Materials handling Quality inspection Utilities Activity Rate $ 53 per materials requisition $ 43 per inspection $5 per machine hour During January, the company produced the following two jobs. Allocate overhead cost to each job using the ac rates. Activity Cost Driver Materials requisitions Inspections Machine hours Activity Usage Job A Job B 4 2 7 3 315 215 Allocate overhead based on actual activity usage-Job A Activity Activity Usage Allocated Activity Rate Cost Materials handling Quality inspection Utilities Total $ 0 Allocate overhead based on actual activity usage-Job B Allocated Activity Activity Usage Activity Rate Cost Materials handling Quality inspection Utilities