Problem 04-3A 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. Other Overhead Indirect Labor $380,000 Indirect Materials $ 205,000 Production Activity Grinding Polishing Product modification Providing power System calibration 650,000 $210,000 560,000 Additional Information on the drivers for its production activities follows: Grinding and Polishing Product modification Providing power System calibration 9,000 machine hours 1,500 engineering hours 20,000 direct labor hours 700 batches Job 3175 170 units 450 MH Number of units Machine hours Engineering hours Batches Direct labor hours Job 4286 2,125 units 4,500 MH 26 eng. hours 45 batches 4,418 DLH 27 eng hours 15 batches 496 DLH Problem 04-3A Parts 2, 3 & 4 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.) Job 3175 Activity Overhead Cost Activity Drivers Activity Rate Activity driver incurred Grinding & Polishing Machine hours Product modification Engineering hrs Providing power Direct labor hrs System calibration batches the grinding and polishing costs into a single cost pool Determine overhead cost per unit for Job 3175? What is the overhead cost per 1 cost per unit to 2 decimal places. Round "overhead assigned" Job 3175 Job 4286 Activity driver Overhead incurred assigned Activity Rate Overhead assigned Activity driver incurred hours ng hrs or hrs