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

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Craftmore Machining reports the following budgeted overhead cost and related data for this year. Activity Assenbly Product design Electricity Setup hudgeted Cost $ 419,250 64,500 21,500 53,750 $ 559.000 Aetivity Cost Driver Direct labor hours (DL) Engineering hours (EN) Machine hours () Setupe udgeted Activity Veage 13,000 1,290 10,000 430 Total 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 240 direct labor hours and Job 42 used 520 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 Job 31 and Job 42 using activity-based costing activity-based costing. Activity Cost Driver Direct labor hours (DLH) Activity Usage Job 31 Job 42 240 520 Engineering hours (EH) Machine hours (MH) Setups 29 35 60 60 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours. Numerator Total budgeted overhead cost 559,000 o per direct labor hour Denominator Total budgeted direct labor hours < Required 1 Required 2 > Prev 1. Anut Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Job 31 used 240 direct labor hours and Job 42 used 520 direct labor hours. Allocate overhead cost to each job using the single plantwide overhead rate from part 1. Overhead Allocated Plantwide Overhead Rate Direct Labor Hours per Unit Job 31 Job 42 < Required 1 Required 3> Prev 1 of 3 Next > 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 240 direct labor hours and Job 42 used 520 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 Job 31 and Job 42 using activity-based costing. Activity Unage Job 42 520 Job 31 Activity Cost Driver Direct labor hours (DLH) Engineering hours (EH) Machine hours (MH) Setupa 240 29 35 60 60 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute an activity rate for each activity using activity-based costing. (Round "Activity Rate" to 2 decimal places.) Activity Budgeted Cost Budgeted Activity Usage Activity Rate Assembly Product design Electricity Setup < Required 2 Required 4> Prev 1 of 3 Next > its Complete this question by entering your answers in the tabs below. Book Required 1 Required 2 Required 3 Required 4 ferences Allocate overhead costs to Job 31 and Job 42 using activity-based costing. (Round "Activity Rate" to 2 decimal places.) Allocate overhead to Job 31 Activity Activity Usage Activity Rate Allocated Cost Assembly Product design Electricity Setup Total Allocate overhead to Job 42 Activity Activity Usage Activity Rate Allocated Cost Assembly Product design Electricity Setup Total %24 Prev 1 of 3 Next > Craftmore Machining reports the following budgeted overhead cost and related data for this year. Activity Assenbly Product design Electricity Setup hudgeted Cost $ 419,250 64,500 21,500 53,750 $ 559.000 Aetivity Cost Driver Direct labor hours (DL) Engineering hours (EN) Machine hours () Setupe udgeted Activity Veage 13,000 1,290 10,000 430 Total 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 240 direct labor hours and Job 42 used 520 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 Job 31 and Job 42 using activity-based costing activity-based costing. Activity Cost Driver Direct labor hours (DLH) Activity Usage Job 31 Job 42 240 520 Engineering hours (EH) Machine hours (MH) Setups 29 35 60 60 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours. Numerator Total budgeted overhead cost 559,000 o per direct labor hour Denominator Total budgeted direct labor hours < Required 1 Required 2 > Prev 1. Anut Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Job 31 used 240 direct labor hours and Job 42 used 520 direct labor hours. Allocate overhead cost to each job using the single plantwide overhead rate from part 1. Overhead Allocated Plantwide Overhead Rate Direct Labor Hours per Unit Job 31 Job 42 < Required 1 Required 3> Prev 1 of 3 Next > 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 240 direct labor hours and Job 42 used 520 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 Job 31 and Job 42 using activity-based costing. Activity Unage Job 42 520 Job 31 Activity Cost Driver Direct labor hours (DLH) Engineering hours (EH) Machine hours (MH) Setupa 240 29 35 60 60 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute an activity rate for each activity using activity-based costing. (Round "Activity Rate" to 2 decimal places.) Activity Budgeted Cost Budgeted Activity Usage Activity Rate Assembly Product design Electricity Setup < Required 2 Required 4> Prev 1 of 3 Next > its Complete this question by entering your answers in the tabs below. Book Required 1 Required 2 Required 3 Required 4 ferences Allocate overhead costs to Job 31 and Job 42 using activity-based costing. (Round "Activity Rate" to 2 decimal places.) Allocate overhead to Job 31 Activity Activity Usage Activity Rate Allocated Cost Assembly Product design Electricity Setup Total Allocate overhead to Job 42 Activity Activity Usage Activity Rate Allocated Cost Assembly Product design Electricity Setup Total %24 Prev 1 of 3 Next >

Answer rating: 100% (QA)

Estimated overheads Denominator Estimated labor hours 1 Numerator 559000 4300 per direct labor hour ... View the full answer