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Check my w Craftmore Machining reports the following budgeted overhead cost and related data for this year. tivity Hudgeted cost Retivity Cost Deiver Hodgeted Retivity Assembly 3487,500 Direct Labor hours (DE) 13,000 Product design 75,000 Ingineering hours () 1,500 Electricity 25,000 Machine hours (M) 10,000 Setup 62.500 Setups 500 Total $ 650,000 Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13.000 direct tobor hours 2. Job 31 used 300 direct labor hours and Job 42 used 580 direct labor hours. Allocate overhead cost to each Job using the single plantwide overhead rate from part 1 3. Compute an activity rate for each activity using activity-based costing 4. Allocate overhead costs to Job 31 and Job 42 using activity-based costing Activity Usage Activity Cont Driver Direct labor hours (DLE) Engineering hours (M) Machine hours (M) Setups Job 31 300 36 60 4 Job42 580 42 70 Required 1 Required 2 Required 3 Required 4 Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours. Numerator Denominator Required i Required 2 Required 3 Required 4 Job 31 used 300 direct labor hours and Job 42 used 580 direct labor hours. Allocate overhead cost to each job using plantwide overhead rate from part 1. Plantwide Overhead Rate Direct Labor Hours por Unit Overhead Allocated Job 31 Job 42 wo Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute an activity rate for each activity using activity-based costing. (Round "Activity Rate" to 2 decimal pla Activity Budgeted Cost Budgeted Activity Usage Activity Rato Assembly Product design Electricity Setup Required 1 Required 2 Required 3 Required 4 Allocate overhead costs to Job 31 and Job 42 using activity-based costing.. (Round "Activity Rate" to 2 decimal place Allocate overhead to Job 31 Activity Activity Usage Activity Rate Allocated Cont Assembly Product design Electricity Setup Total Allocate overhead to Job 42 Activity Activity Usago Activity Rate Allocated Cont Assembly Product design Electricity Setup Total