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. Indirect Materials Other Overhead Production Activity Indirect Labor Grinding $380,000 Polishing Product modification 550,000 Providing power System calibration 480,000 $115,000 $230,000 Additional information on the drivers for its production activities follows. Grinding and Polishing Product modification Providing power System calibration 18,000 machine hours 1,700 engineering hours 14,000 direct labor hours 1,350 batches Number of units Machine hours Engineering hours Batches Direct labor hours Job 3175 210 units 500 MH 29 eng. hours 35 batches 470 DLH Job 4286 2,625 units 5,000 MH eng. 28 hours 105 batches 4,230 DLH Required: 1. Classify each activity as unit level, batch level, product level, or facility level. Grinding Polishing Product modification Providing power System calibration Problem 17-3A Parts 2, 3 & 4 Required: 23 & 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.) Job 3175 Activity driver incurred Job 4286 Activity driver Overhead incurred assigned Activity Overhead Cost Activity Rate Overhead assigned Activity Drivers Machine hours Grinding & Polishing Product modification Engineering hrs Direct labor hrs Providing power System calibration batches Problem 17-3A Part 5 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 4286? (Do not round intermediate calculations. Round "OH Cost per unit" answers to 2 decimal places.) OH Cost per Product DL hours Plantwide OH rate Total Overhead Cost Units Produced unit Job 3175 Job 4286