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 Indirect Labor $330,880 $175,00 Production Activity Grinding Polishing Product modification Providing power System calibration 589,800 $225,000 560,000 Additional Information on the drivers for its production activities follows. Grinding Polishing Product modification Providing power System calibration 12,90 machine hours 12, eee machine hours 1,600 engineering hours 19,880 direct labor hours 1,200 batches Number of units Machine hours Job 3175 200 units 400 MH Job 4286 2,580 units 4,800 MH Engineering hours 3a eng. 18 eng. Batches Direct labor hours hours 5 batches 490 DLH hours 15 batches 4,410 DLH Problem 17-3A Part 1 Required: 1. Classify each activity as unit level, batch level, product level, or facility level. Grinding Polishing Product modification Providing power System calibration | 2, 3 & 4. Compute the activity overhead rates using ABC. Combine the grinding and polishing activities into a single cost pool Determine overhead costs to assign to the following 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 Activity Overhead Cost Job 4286 Activity driver Overhead incurred assigned Activity Rate Activity Drivers Machine hours Overhead assigned Grinding & Polishing Product modification Engineering hrs. Providing power Direct labor hrs. System calibration batches 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.) Product DL hours Total Overhead Cost Units Produced OH Cost per unit Job 3175 Job 4286 Plantwide OH rate 0.00 0.00 $ $