Problem 04-3A Applying activity-based costing LO P1, P3, A1, A2, C3

FIULICH V4-JA MPPlyny aLLVILY-Wascu LUSLIITY LUIS, MI, M4, 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. Production Activity Indirect Labor Indirect Materials other Overhead Grinding $410,000 Polishing $160,000 Product modification 550,000 Providing power $210,000 Systen calibration 440,000 Additional information on the drivers for its production activities follows Grinding and Polishing Product modification Providing power Systen calibration 17,000 machine hours 2,000 engineering hours 16,000 direct labor hours 1,450 batches Job 3175 190 units 250 MH Job: 4286 2,375 units 2,500 H Number of units Machine hours Engineering hours Batches Direct lobor hours 34 ene. 26 en hours 35 batches 520 DUH hours 45 batches 4,650 DLH Problem 04-3A Part 1 Required: 1. Classify each activity as unit level, batch level, product level, or facility level. Grinding Polishing Product modification Providing power System calibration 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 deliver incurred Overhead cost Activity Rate Activity Grinding & Polishing Product modification Activity Drivers Machine hours ngineering hos Providing power Direct labor hrs System calibration batches Job 3175 Job 4286 Activity driver Overhead incurred assigned Evity Rate Overhead assigned Activity driver incurred Problem 04-3A 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 3175? Of Job 4286? (Do not round intermediate calculations. Round "OH Cost per unit" answers to 2 decimal places.) Product DL hours OH Cost peut Units Produced Job 3175 Job 4286 Plantwide on Wotal Overhead Cost rate s 0.005 $ 0.00 $ 0