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 Materials handling Quality Inspection Utilities Activity Rate $ 64 per materials requisition $ 54 per inspection $5 per machine hour During January, the company produced the following two jobs. Allocate overhead cost to each job using the activity rates. Activity Cost Driver Materials requisitions Inspections Machine hours Activity Usage Job A Job B 5 3. 4 370 270 Allocate overhead based on actual activity usage-Job A Activity Materials handling Quality inspection Uities Total Activity Usage Allocate overhead based on actual activity usage-Job B Activity Materials handing Quality inspection Utities Total Activity Usage Activity Rafe Allocated Cost Activity Rate Allocated Cost