Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours. 2. Job 31 used 260 direct lobor hours and Job 42 used 540 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-bosed costing. 4. Allocate overheod costs to Job 31 and Job 42 using activity-based costing. Complete this question by entering your answers in the tabs below. Job 31 used 260 direct labor hours and Job 42 used 540 direct labor hours. Allocate overhesd cost to each job using the single plantwide overhesd rate from part 1. Craftmore Machining reports the following budgeted overhead cost and related data for this year. Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours 2. Job 31 used 260 direct labor hours and Job 42 used 540 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. Complete this question by entering your answers in the tabs below. Compute an activity rate for each activity using activity-based costing. (Round "Activity Rate" to 2 decimal places.) 4. Allocote overhead costs to Job 31 and Job 42 using activity bosed costing. Complete this question by entering your answers in the tabs below. Allocate overheod costs to Job 31 and Job 42 using activity-based costing. (Round "Activity Rate" to 2 decima) places. Required: 1. Compute a single plantwide overheod rate assuming the company allocotes overhead cast bosed on 13,000 direct labor hours 2. Job 31 used 260 direct labor hours and Job 42 used 540 direct labor hours. Allocate overhead cost to each job using the single plantwide overhead rate from part 1. 3. Compute an activity rate for enach activity using octivity-bosed costing. 4. Allocate overhead costs to Job 31 and Job 42 using octivity-based costing. Complete this question by entering your answers in the tabs below