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 Labor $320,000 Indirect Materials other Overhead Production Activity Grinding Polishing Product modification Providing power System calibration $200,000 550,000 $225,000 490,000 Additional information on the drivers for its production activities follows. Grinding Polishing Product modification Providing power System calibration 11,000 machine hours 11,000 machine hours 2,000 engineering hours 14,000 direct labor hours 1,100 batches Number of units Machine hours Engineering hours Batches Direct labor hours Job 3175 150 units 400 MH eng. Job 4286 1,875 units 4,000 MH eng. hours 30 batches 4,410 DLH 31 hours 28 10 batches 490 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 42867 (Round your activity rate and average overhead cost per unit to 2 decimal places. Round "overhead assigned to the nearest whole dollar.) Product sodification Providing power Syste calibration 2.000 melnooring hours. 14. direct Two hours 1,100 batches umber of units Engineering hours hates Direct labor hours 20 butches 3.1 DH 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 31757 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 Overhead Activity driver Overhead Activity Overhead Cost Activity Drivers Activity Rate Activity driver incurred Machine hours Grinding & Polishing Product modification Engineering his Director Providing power System Cabration