Saved Problem 17-1A (Algo) Comparing plantwide rate method and activity-based costing LO P1, Craftmore Machining reports the following budgeted overhead cost and related data for this year. Activity Budgeted Cost Activity Cost Driver Budgeted Activity Usage Assembly $ 565, 500 Direct labor hours (DLH) 13, 000 Product design 87, 000 Engineering hours (EH) 1,500 kipped Electricity 29,000 Machine hours (MH) 10,000 Setup 72,500 Setups 580 Total $ 754, 000 Book Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct lal 2. Job 31 used 380 direct labor hours and Job 42 used 680 direct labor hours. Allocate overhead cost to each job using Print plantwide overhead rate from part 1. 3. Compute an activity rate for each activity using activity-based costing. 4. Allocate overhead costs to Job 31 and Job 42 using activity-based costing. ferences Activity Usage Activity Cost Driver Job 31 Job 42 Direct labor hours (DLH) 380 680 Engineering hours (EH) 44 50 Machine hours (MH) 50 50 Setups 6 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4