Craftmore Machining reports the following budgeted overhead cost and related data for this year.

Required
1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours.
2. Job 31 used 200 direct labor hours and Job 42 used 480 direct labor hours. Allocate overhead cost to each job using the single plantwide overhead rate from part 1.
3. Compute an activity rate for each activity using activity-based costing.
4. Allocate overhead costs to the following jobs using activity-based costing.

Transcribed Image Text:

Activity Assembly...... Product design. Electricity... Setup.. Total.. Budgeted Cost $390,000 60,000 20,000 50,000 $520,000 Activity Cost Driver Direct labor hours (DLH) Engineering hours (EH) Machine hours (MH) Setups Budgeted Activity Usage 13,000 1,000 10,000 400