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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
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 $360,000 Indirect Materials Other Overhead Production Activity Grinding Polishing Product modification Providing power Systen calibration $160,000 688,200 $220,000 468,000 Additional information on the drivers for its production activities follows Grinding Polishing Product modification Providing power System calibration 9,000 machine hours 9,000 machine hours 1,500 engineering hours 18.08e direct labor hours 75e batches Job 3175 150 units 400 MH Number of units Machine hours Engineering hours Eatches Direct labor hours eng. Job 4286 1.875 units 4.000 34 hour's se batches 4,590 DLH hours se batches 512 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) ovemeddigne to the nearest whorende Overhead assigned Activity Grinding & Polishing Product modification Job Ons Aceviy die incurred Anned Overhead Cost 5 520,000 $ Job 3175 Activity dulver incurred 400 Activity Rate 57.78 per machine hout Activity Drivers 9.000 Machine hours Engineering his 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 31757 Of Job 4286? (Do not round intermediate calculations. Round OH Cost per unit" answers to 2 decimal places.) 0 Mocht DL hours Units Produced OH Cost per unit Job 3575 Job 4285 Plantwide 11 rate Total with Cont $ 0.005 0 5 11.00 5
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