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 Indirect Labor $330,000 Indirect Materials Other Overhead Polishing $190,000 Product modification 650,000 Providing power $250,000 System calibration 510,000 Additional information on the drivers for its production activities follows. Grinding and Polishing Product modification Providing power System calibration 19,000 machine hours 1,600 engineering hours 18,000 direct labor hours 550 batches Job 3175 Number of units 210 units Machine hours 400 MH Engineering hours 32 eng. hours 22 Job 4286 2,625 units 4,000 MH eng. hours Batches Direct labor hours 15 batches 480 DLH 45 batches 4,320 DLH 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 Overhead Cost Activity Drivers Grinding & Polishing Product modification Providing power System calibration Machine hours Engineering hrs. Direct labor hrs. batches Job 3175 Job 4286 Activity Rate Activity driver incurred Overhead assigned Activity driver incurred Overhead assigned