Required 1 Required 2 Required 3 Required 4 Job 31 used 300 direct labor hours and Job 42 used 580 direct labor hours. Allocate overhead cost to each job using the single plantwide overhead rate from part 1. Plantwide Overhead Rate Direct Labor Hours per Unit Overhead Allocated Job 31 Job 42 Required 1 Required 2 3 Required 3 Required 4 Compute an activity rate for each activity using activity-based costing. (Round "Activity Rate" to 2 decimal places.) Budgeted Cost Budgeted Activity Usage Activity Rate Activity Assembly Product design Electricity Setup Required 1 Required 2 Required 3 Required 4 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 Usage Activity Rate Allocated Cost Activity Assembly Product design Electricity Setup Total Allocate overhead to Job 42 Activity Usage Activity Rate Allocated Cost Activity Assembly Product design Electricity Setup Total Craftmore Machining reports the following budgeted overhead cost and related data for this year. Activity Assembly Product design Electricity Setup Total Budgeted Cost $ 487,500 75,000 25,000 62,500 $ 650,000 Activity Cost Driver Direct labor hours (DLH) Engineering hours (EH) Machine hours (MH) Setups Budgeted Activity Usage 13,000 1,500 10,000 500 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 300 direct labor hours and Job 42 used 580 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 Cost Driver Direct labor hours (DLH) Engineering hours (EH) Machine hours (MH) Setups Activity Usage Job 31 Job 42 300 580 36 42 60 70 4 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