(The following Information applies to the questions displayed below} Craft Pro Machining produces machine tools for the construction Industry. The following detals about overhead costs were taken from Its company records. Production Activity Grinding Polishing Product modification Providing power System callbration Indirect Labor Indirect Materials Other Overhead $ 370,000 $ 125,000 600,000 $ 220,000 580,000 Additional Information on the drivers for Its production activitles follows. Grinding Polishing Product modification Providing power System calbration 16,000 machine hours 16,000 machine hours 2,100 engineering hours 17,000 direct labor hours 450 batches Job 3175 Job 4286 220 units Number of units 2.750 units Machine hours Pro 450 MH 4,500 MH Engineering hours Batches En 29 eng hours 30 batches 26 eng hours 90 batches 4,500 Ele Direct labor hours Set 500 DLH DLH Tota Volu Over 6. value: 3.00 points Required: 1. Classify each activity as unit level, batch level, product level, or facility level. Grinding Polishing Product modification Providing power System calibration eBook & Resources References Leaming Objective: 17-P3 Allocate overhead costs to products using activity-based costing Leaming Objective: 17- A2 identify and assess advantages and disadvantages of activity- based costing. Expanded table Learning Objective: 17- C3 Describe the four types of activities that Difficulty: 3 Hard Check my work 7. value Required information 3.00 points Required: 2,344 Compute the activity overhead rates using ABC. Combine grinding and polshing into one cost pool. Detemine overhead costs to assign to the foilowing jobs using ABC. What is he overhead cost per unit for Job 31757 What is the overhead cont per unt for Job 4267 Round your activity rate and average everhead cost per unit to 2 decimal places. Round *verhead signed" to the nearest whole dolar) Job 3175 Job 426 Activity Overhead assigned Activity driver Incurred Overhead signed Overhead Cont Activity Drivers Activity driver ineurred Activity Rate Grnding& Polshing Machine hours Product modfication Engineering hs Providing power Drect labor hs Systam calbration baches Check my work 7. value Required information 3.00 points Required: 2,34 Compute the activity overhead rates using ABC. Combine grinding and polshing into one cost pool. Detemine overhead costs to assign to the foilowing jobs using ABC. What is he overhead cost per unit for Job 31757 What is the overhead cont per unt for Job 4267 Round your activity rate and average everhead cost per unit to 2 decimal places. Round *verhead signed" to the nearest whole doltar) Job 3175 Job 426 Activity Overhead assigned Activity driver incurred Overhead signed Overhead Cost Activity Drivers Activity driver ineurred Activity Rate Grinding Polshing Machine hours Product modfication Engineering hs Providing power Drect labor hs Systam calbration baches
