Exercise 4-14 (Algo) Allocating overhead cost tojobs using activity-based costing LO P3 Pro-Craft Company computed the following activity rates to allocate overhead cost for the year. Activity Activity Rate Materials handling is 66 per materials requisition Quality inspection 5}; 56 per inspection Utilities 55 5 per machine hour During January, the company produced the following two jobs. Allocate overhead cost to each job using the activity rates. Activity Usage Activity Cost Driver Job A Job B Materials 4 2 requisitions Inspections 7 3 Machine hours 336 286 -_ -_ -- -_ -- -_