Exercise 4-14 (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 Activity Rate Materials handling $ 65 per materials requisition Quality inspection $ 55 per inspection Utilities $ 6 per machine hour During January, the company produced the following two jobs. Allocate overhead cost to each job using the activity rates. Activity Usage Activity Cost Driver Job Job 3 Materials requisitions Inspections 9 Machine hours 275 6 4 5 375 es Activity Rato Allocated Cost Allocate overhead based on actual activity usage-JobA Activity Activity Usage Materials handling Quality inspection Utilities Total Activity Rato Allocated Cost Allocate overhead based on actual activity usage Job B Activity Activity Usage Materials handling Quality inspection Utilities Total