Only questions 2,3 and 4 are required.
Craft Pro Machining produces machine tools for the construction industry. The following details about overhead costs were taken from its company records. \begin{tabular}{lll} Grinding and Polishing & 14,000 & machine hours \\ Product modification & 2,000 & engineering hours \\ Providing power & 13,000 & direct labor hours \\ System calibration & 1,200 & batches \\ \hline \end{tabular} NumberofunitsMachinehoursEngineeringhoursBatchesDirectlaborhoursJob3175120units250MH28eng,hours35batches500DLHJob42861,500units2,500MH30eng,hours105batches4,500DLH Required: 2, 3& 4. Compute the activity overhead rates using ABC. Combine the grinding and polishing costs 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 overhead cost per unit for Job 4286 ? (Round your activity rate and average overhead cost per unit to 2 decimal places. Round "overhead assigned" to the nearest whole dollar.) Craft Pro Machining produces machine tools for the construction industry. The following details about. overhead costs were taken from its company records. Additional information on the drivers for its production activities follows. Required 1. Classify each activity as unit level, batch level. product level, or facility level. 2. Compute the activity overhead rates using ABC. Combine the grinding and polishing activities into a single cost pool. 3. Determine overhead costs to assign to the following jobs using ABC. 4. Wnat is the overhead cost per unit for Job 3175 ? What is the overhead cost per unit for Job 4286 ? 5. If the company uses a plantwide overhead rate based on direct labor hours, what is the overhead cost for each unit of Job 3175 ? Of Job 4286? 6. Compare the overhead costs per unit computed in requirements 4 and 5 for each job. Which method more accurately assigns overhead costs