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 Materials Other Overhead Production Activity Indirect Labor Grinding $360,000 Polishing Product modification 550,000 Providing power System calibration 560,000 $130,000 $250,000 Additional information on the drivers for its production activities follows. Grinding Polishing Product modification Providing power System calibration 17,000 machine hours 17,000 machine hours 1,400 engineering hours 19,000 direct labor hours 350 batches Job 3175 Job 4286 m otion.com low/connect.html7d6877887878d6f87878d6f8787580687878687617786787878068767 amework Help Save & Exit Submit Check my work Number of units Machine hours Job 4286 1.875 units 4,000 MH Job 3175 150 units 400 MM | | | hours 25 batches 420 OLH Engineering hours Batches Direct labor hours 22 eng. hours 75 batches 3, 780 DLH Problem 17-3A Parts 2, 3 & 4 2, 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 following 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 Overhead assigned Grinding & Polishing Machine hours Problem 17-3A Parts 2, 3 & 4 2, 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 following jobs using ABC. What is the overhead cost per unit for Job 3175? What is the overhead 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.) Job 3175 Activity Overhead Cost Activity Drivers Activity Rate Activity driver incurred Overhead assigned Grinding A Polishing Machine hours Product modification Engineering hers Drect labores Providing power System calibration Ibuches 384 overhead rates using ABC. Combine the grinding and polishing activities into a single cost pool assign to the following jobs using ABC. What is the overhead cost per unit for Job 3175? What is the 74286? (Round your activity rate and average overhead cost per unit to 2 decimal places. Round Nearest whole dollar.) Job 3175 Activity driver incurred verhead Cost Activity Drivers Activity Rate Overhead assigned Activity driver incurred Overhead assigned Machine hours Engineering hers Derect labores
