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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

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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 $180,000 Production Activity Indirect Labor Gending $320,000 Polshing Product 550,000 modification Providing power System calibration $70,000 $205,000 Additional information on the drivers for its production activities follows. Grinding Polishing Product modification Providing power System calibration 12,000 machine hours 12,000 machine hours 1,700 engineering hours 20,000 direct labor hours 450 batches J ob 4286 1,750 units SODO MH Number of units Machine hours Engineering hours Batahes Direct labor hours Job 3175 140 units 500 MH 26 eng - hours 30 batches 450 DLE 9. ng hours 90 batched 4 050 DIN 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 2,364. Compute the activity overhead rates using ABC. Combine the grinding and polishing actes 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 31757 What is the overhead cost per unit for Job 42857 Round your activity rate and average overhead cost per unit 2 decimal places. Round "overhead assigned to the nearest whole dollar.) Job 3175 Activity Overhead Comt Activity Drivers Activity Rate Activity driver incurred Overhead Grinding & Polishing Product modification Providing power Direct labore 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 31757 Of Job 4286? (Do not round Intermediate calculations. Round "OH Cost per unit" answers to 2 decimal places.) Product DL Plantwide OH Pate Total Overhead Cost Units Produced OH Cont per unit Job 3175 Job 4286

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