Required information 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. Production Activity Grinding Polishing Indirect Labor $390,000 Indirect Haterials Other Overhead $175,000 Product modification Providing power System calibration 500,000 530,000 Additional information on the drivers for its production activities follows. Grinding and Polishing Product modification Providing power Systes calibration 16,000 machine hours 2,100 engineering hours 19,000 direct labor hours 1,250 batches Job 3175 Number of units 210 units Machine hours 500 MH Engineering hours 27 eng. hours 32 Job 4286 2,625 units 5,000 MH eng. hours Batches Direct labor hours 10 batches 30 batches 450 DLH 4,050 DLH $250,000 Direct labor hours hours 10 batches 450 D 3 4,050 OLH Problem 17-3A 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) Activity Grinding & Polishing Product modification Providing power System calibration Job 3125 Job 420 Overhead Cost Activity Drivers Overal Activity Hate Activity o Activity diver becuted Overted assigned Machine hours Engineering Director batches Ok int Required: 2, 3 & 4. Compute the activity overhead rates using ABC. Combine the grinding and polishing costs into a single cost pool. Deten overhead costs to assign to the above jobs using ABC. What is the overhead cost per unit for Job 3175? What is the overhead co unit for Job 4286? (Round your activity rate and average overhead cost per unit to 2 decimal places. Round "overhead assign to the nearest whole dollar.) ences Activity Overhead Cost Activity Drivers Grinding & Polishing Machine hours Product modification Engineering hrs Providing power System calibration Direct labor hrs. batches Activity Rate Activity Div bine the grinding and polishing costs into a single cost pool. Determine s the overhead cost per unit for Job 3175? What is the overhead cost per rhead cost per unit to 2 decimal places. Round "overhead assigned" rivers achine hours agineering hrs. rect labor hrs tches Job 3175 Job 4286 Activity Rate Activity Diver incurred Overhead assigned Activity driver Overhead incurred assigned