Data table adopted an ABC costing system. The following manufacturing activities, costs, and cost drivers have been identified: view the activity costs and drivers.) The Job Cost Record for Job \#62 totaled \$1,160. The Job Cost Re hours at a wage rate of $29 per h \#624 included: (Click the icon to view the oth Read the requirements. fulate the activity cost 1 machine setup required d the allocation rate to the nearest Requirements 1. Calculate the activity cost allocation rate for each of the five pools listed in the table. 2. Calculate the total cost of Job \#624 (use an ABC costing system). 3. Why would ABC provide a more accurate allocation of manufacturing overhead (MOH) than a plantwide rate? 4. Assume that Chaney Products used a traditional costing system rather than an ABC system. Its plantwide MOH rate would have been determined using direct labor (DL) hours as the allocation base. How much cost distortion would have occurred on this job? Chaney Products has adopted an ABC costing system. The following manufacturing activitiek, indirect manufacturing costs, and cost drivers have been identfied: (Click the icon to view the activity costs and divers) The Job Cost Record for Job $624 revealed that direct materlals requisitioned for the job totalod \$1,160. The Job Cost Record also showed that direct labor for this job lotaled 14 hours at a wage rate of $29 per hour. Other data collected on the resources used by Job 624 included (Click the icon to view the ocher daca) Read the tequirements Requirement 1. Calculate the activity cost allocation rate for each of the five pools listed in the table. (Round the alocabicn rate to the nearest cent. Abbreviabcns used: DL = arect laber: Mit * machine hour.)