Required information Problem 4-3A 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 $320,000 $200,000 Production Activity Grinding Polishing Product modification Providing power System calibration 500,000 $255,000 490,000 Additional information on the drivers for its production activities follows. Grinding Polishing Product modification Providing power System calibration 13,000 machine hours 13,000 machine hours 2,000 engineering hours 16,000 direct labor hours 700 batches Job 3175 160 units 400 MH Job 4286 2,000 units 4,000 MH Number of units Machine hours Engineering hours Batches Direct labor hours 33 eng. 30 eng. hours 15 batches 510 DLH hours 45 batches 4,590 DLH Problem 4-3A 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 Problem 4-3A Parts 2, 3 & 4 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 Overhead Cost Activity Drivers Activity Rate Activity driver incurred Activity Grinding & Polishing Overhead assigned Activity dri incurred Machine hours Product modification Engineering hrs. Providing power Direct labor hrs. System calibration batches Problem 4-3A Part 5 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 Plantwide OH Total Overhead Cost Units Produced OH Cost per unit rate Job 3175 Job 4286