WHAT AM I MISSING?

Craft Pro Machining produces machine tools for the construction industry. The following details about overhead costs were taken from its company records. Indirect Materials Other Overhead Indirect Labor $390,000 $185,000 Production Activity Grinding Polishing Product modification Providing power System calibration 650,000 $ 220,000 450,000 Additional information on the drivers for its production activities follows. Grinding Polishing Product modification Providing power System calibration 8,000 machine hours 8,000 machine hours 1,600 engineering hours 16,000 direct labor hours 1,000 batches ation Number of units Machine hours Job 3175 190 units 400 MH Job 4286 2,375 units 4,000 MH 35 eng. 26 eng. Engineering hours Batches Direct labor hours hours 35 batches 520 DLH hours 105 batches 4,680 DLH Required: 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 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.) Activity Overhead Cost $ 575,000 650,000 Grinding & Polishing Product modification $ Activity Drivers 8,000 Machine hours 1,600 Engineering hrs. 16,000 Direct labor hrs. 1,000 batches Activity Rate 71.88 per machine hour 406.25 per engineering hour 13.75 per direct labor hour 450.00 per batch Job 3175 Job 4286 Activity driver incurred Overhead Activity driver Overhead assigned incurred assigned 400 $ 28,752 4,000 $ 287,520 14,219 26 10,563 520 7,150 4,680 64,350 35 35 15,750 105 47,250 Total overhead cost $ 65,871 $ 409,683 Number of units in job Providing power 220,000 450,000 System calibration