L ASER Required information Problem 17-3A Applying activity-based costing LO P1, P3, A1, A2, C3 (The following information applies to the questions displayed below.) Craft Pro Machining produces machine tools for the construction industry. The following details about overhead costs were taken from its company records. Indirect Labor $330,000 Indirect Materials Other Overhead $135,000 Production Activity Grinding Polishing Product modification Providing power System calibration 500,000 $245,000 560,000 Additional information on the drivers for its production activities follows. Grinding Polishing Product modification Providing power System calibration 10.000 machine hours 10,000 machine hours 1,900 engineering hours 14,000 direct labor hours 350 batches Job 3175 130 units 350 MH Job 4286 1,625 units ,500 MH eng. 3 eng. Number of units Machine hours Engineering hours Batches Direct labor hours Je hours hours 15 batches 450 DLH 45 batches 4,050 DLH Problem 17-24 Part 1 Job 3175 130 units 350 MH Job 4286 1,625 units 3.500 MH eng. rt 1 of 3 Number of units Machine hours Engineering hours Batches Direct labor hours 26 hours 36 ang. 15 batches 450 DLH hours 45 batches 4,050 DLH nts Problem 17-3A Part 1 eBook Required: 1. Classify each activity as unit level, batch level, product level, or facility level. ASK Print Grinding Polishing Product modification Providing power System calibration References 130 units 350 MH 3,500 MH Number of units Machine hours Engineering hours Batches Direct labor hours eng. 28 15 batches 450 DLR 45 batches 4.050 DLH roblem 17-3A Parts 2, 3 & 4 lequired: 1.3& 4. Compute the activity overhead rates using ABC. Combine the grinding and polishing activities into a single cost pool. Determine overhead costs to assign to the above jobs using ABC. What is the overhead cost per unit for Job 3175? What is the verhead cost per unit for Job 42867 (Round your activity rate and average overhead cost per unit to 2 decimal places. Round overhead assigned to the nearest whole dollar.) Activity Overhead Cost Activity Drivers Activity Rate Activity driver incurred Overhead assigned Activity incul Grinding & Polishing Machine hours Product modification Engineering Providing power Direct laboris Bystem calibration Prev 233 Next > hing activities into a single cost pool. fost per unit for Job 3175? What is the ost per unit to 2 decimal places. Round Job 3175 Activity Rate Activity driver incurred Overhead assigned Job 4286 Activity driver Overhead incurred assigned Je hours Engineering hours Batches Direct labor hours hours 15 batches 450 DLR 45 batches 4,050 DLR Problem 17-3A Part 5 Required: 5. If the company uses a plantwide overhead rate based on direct labor hours, what is the overhead cost for each unit of Job 31752 Job 4286? (Do not round intermediate calculations. Round "OH Cost per unit" answers to 2 decimal places.) Units Product DL hours Plantwide OH rate Total Overhead Cost OH Cost per unit Produced Job 3175 Job 4286
