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Required information [The following information applies to the questions displayed below.) Craft Pro Machining produces machine tools for the construction industry. The following details about

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Required information [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. Production Activity Indirect Labor Indirect Materials Other Overhead Grinding $360,000 Polishing $ 205,000 I Product modification 450,000, Providing power $ 210,000 System calibration 580,000 Additional information on the drivers for its production activities follows. Grinding Polishing Product modification Providing power Systm calibration 16,000 machine hours 16,000 machine hours 1,800 engineering hours 13,000 direct labor hours 1,400 batches Job 3175 120 units 500 MH Job 4286 1,500 units 5,000 MH Number of units Machine hours Engineering hours Batches Direct labor hours 33 eng. 28 eng. hours 25 batches 490 DLH hours 75 batches 4,410 DLH 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 Rate Activity Grinding & Polishing Product modification Activity Drivers Machine hours Activity driver incurred Overhead assigned Engineering hrs. Direct labor hrs Providing power 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.) OH Cost per Product DL hours Units Produced unit Job 3175 Job 4286 Plantwide OH Total Overhead Cost rate $ 0.00 $ 0 $ 0.00 $ 0

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