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 $ 62 per materials requisition Quality inspection $ 52 per inspection Utilities $ 5 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 A Materials requisitions Inspections 5 Machine hours Job B 4 6 9 360 260 Activity Rate Allocated Cost Allocate overhead based on actual activity usageJob A Activity Activity Usage Materials handling Quality inspection Utilities Total Activity Rate Allocated Cost Allocate overhead based on actual activity usageJob B Activity Activity Usage Materials handling Quality inspection Utilities Total