Required information Problem 17-3A Applying activity-based costing LO P1, P3, A1, A2, C3 The following information applies to the questions displayed below.] Craft Pro Machining produces machine tools for the construction industry. The following details about overhead costs were taken from its company records Production Activity Indirect Labor Indirect Materials Other Overhead Grinding Polishing Product modification Providing power System calibration $380,000 450,000 470,000 $145,000 $205, 000 Additional information on the drivers for its production activities follows Grinding Polishing Product modification Providing power System calibration 19,000 machine hours 19,000 machine hours 1,600 engineering hours 20,000 direct labor hours 800 batches Job 3175 190 units 350 MH Job 4286 2,375 units 3, 500 MH Number of units Machine hours Engineering hours Batches Direct labor hours eng hours eng hours 2 4 5 batches 510 DLH 15 batches 4,590 DLH Problem 17-3A Parts 2, 3& 2, 3 & 4. Compute the activity overhead rates using ABC. Combine the grinding and polishing activities into a single cost pool Determine overhead costs to assign to the following jobs using ABC. What is the overhead cost per unit for Job 3175? What is the overhead cost per unit for Job 4286? (Round your activity rate and average overhead cost per unit to 2 decimal places. Round "overhead assigned" to the nearest whole dollar.) Job 3175 Job 4286 Overhead Activity driver Overhead Activity Overhead Cost Activity Drivers Activity Rate 27.63 per machine hour 281.25 per engineering hour 10.25 per direct labor hour 587.50 per batch Activity driver incurred sign Grinding & Polishing Product modification Providing power System calibration 525,000 S 450,000 205,000 470,000 350 Machine hours 3,500 24 4,590 15 Total overhead cost Number of units in job 33 Engineering hrs 47,048 8,813 55,861 510 Direct labor hrs 5 batches