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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 cos were taken from its company records. Indirect Labor $410,000 Indirect Materials Other Overhead Production Activity Grinding Polishing Product modification Providing power System calibration $135,000 550,000 $ 255,000 450,000 Additional information on the drivers for its production activities follows. Grinding and Polishing Product modification Providing power System calibration 9,000 machine hours 1,600 engineering hours 13,000 direct labor hours 1,000 batches Number of units Machine hours Job 3175 200 units 450 MH 28 eng. hours 35 batches 520 DLH Engineering hours Batches Direct labor hours Job 4286 2,500 units 4,500 MH eng. 34 hours 105 batches 4,680 DLH Required: 1. Classify each activity as unit level, batch level, product level, or facility level. Grinding Polishing Product modification Providing power System calibration 3 Required: 2, 3 & 4. Compute the activity overhead rates using ABC. Combine the grinding and polishing costs into a single cost pool. Determine overhead costs to assign to the above 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 32115 Activity Rate Overhead assigned Activity dri incurred Overhead Cost Activity Drivers Activity driver incurred Activity Grinding & Polishing Machine hours Sook Product modification Engineering hrs Print Direct labor hrs Providing power System calibration batches Required: 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 strate Total Overhead Cost Units Produced OH Cost per unit Job 3175 Job 4286

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