Question: im not sure how to do this one. please help Problem 17-1A (Algo) Comparing plantwide rate method and activity-based costing LO P1, P3 Craftmore Machining




Problem 17-1A (Algo) Comparing plantwide rate method and activity-based costing LO P1, P3 Craftmore Machining reports the following budgeted overhead cost and related data for this year. Activity Assembly Product design. Budgeted Cost $ 555,750 85,500 28,500 Activity Cost Driver Direct labor hours (DLH) Engineering hours (ER) Machine hours (MH) Budgeted Activity Usage 13,000 1,500 11,400 570 Electricity 71,250 Setupa Setup Total $ 741,000 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 320 direct labor hours and Job 42 used 680 direct labor hours. Allocate overhead cost to each job using the single plantwide overhead rate from part 1. ces 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 Usage Job: 42 Activity Coat Driver Direct labor hours (DLH) Engineering hours (EH) 680 49 58 Machine hours (MB) Setups 6 Complete this question by entering your answers in the tabs below. Required 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 Job 31 320 43 56 Activity Usage Job 31 Job 42 320 680 Activity Cont Driver Direct labor hours (DLH) Engineering hours (EB) Machine hours (M) 43 49 56 58 Setups 6 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 Denominator
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