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 Labor $350,000 Indirect Materials Other Overhead Production Activity Grinding Polishing Product modification Providing power System calibration $195,000 450,000 $ 205,000 430,000 Additional Information on the drivers for its production activities follows. Grinding Polishing Product modification Providing power System calibration 16,000 machine hours 16,000 machine hours 1,300 engineering hours 20,000 direct labor hours 1,100 batches Job 3175 130 unita 400 MH Job 4286 1,625 units 4,000 MH Number of units Machine hours Engineering hours Batches Direct labor hours 32 eng. hours 24ong. hours 10 batches 460 DLH 30 batches 4,140 DLH 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 42867 Round your activity rate and average overhead cost per unit to 2 decimal places. Round overhead assigned to the nearest whole dolar) Job 3175 Activity Overhead Cost Activity Drivers Activity Rate Activity driver incurred Overhead assigned Activity driver incurred e d assigned Grinding & Polishing Engineering Dvector 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.) Plantwide OH Product DL hours Total Overhead Cost Units Produced OH Cost per unit Job 3175 0.00 0.00 $ $ Job 4286