Required information 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. Production Activity Indirect Labor Indirect Materials Other Overhead Grinding $320,000 Polishing $145,000 Product modification 450,000 Providing power $260,000 System calibration 510,000 Additional information on the drivers for its production activities follows. Grinding and Polishing Product modification Providing power System calibration 11,000 machine hours 1,300 engineering hours 19,000 direct labor hours 600 batches Number of units Machine hours Engineering hours Batches Direct labor hours Job 3175 120 units 550 MH eng. 27 hours 15 batches 500 DLH Job 4286 1,500 units 5,508 MH 30 eng. hours 45 batches 4,500 DLH Required: 1. Classify each activity as unit level, batch level, product level, or facility level. Grinding Polishing Product modification Providing power System calibration quired: 3 & 4. Compute the activity overhead rates using ABC. Combine the grinding and polishing costs into a single cost pool. Determine erhead 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 it for Job 4286? (Round your activity rate and average overhead cost per unit to 2 decimal places. Round "overhead assigned the nearest whole dollar.) Job 3178 Activity driver incurred Overhead Activity incum Overhead Coat Activity Rome Grinding & Polishing Product modification Activity Drivers Machine hours Engineering his Direct labore batches Providing power System calibration 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 42867 (Do not round intermediate calculations. Round "OH Cost per unit" answers to 2 decimal places.) OH Cost per unit Units Produced Product DL hours Plantwide OH Total Overhead Cost rate $ 0.00 $ 0 Job 3175 Job 4286 $ 0.00 $ 0