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 Grinding Polishing Product modification Indirect Labor $330,000 Indirect Materials Other Overhead $105,000 550,000 Providing power System calibration 450,000 Additional information on the drivers for its production activities follows. Grinding and Polishing Product modification Providing power Syston calibration 8,000 machine hours 1,400 engineering hours 19,000 direct labor hours 780 batches Job 3175 Number of units Machine hours 210 units 300 Engineering hours 29 eng. hours Batches 15 batches Direct labor hours 510 DLH Job 4286 2,625 units 3,000 38 eng. hours 45 batches 4,590 DLH $240,000 Problem 17-3A Parts 2, 3 & 4 Required: 2, 3 & 4. Compute the activity overhead rates using ABC. Combine the grinding and polishing costs into a single cost pool. Determine overhead costs to assign to the above 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.) Activity Grinding & Polishing $ Overhead Coat 435,000 Activity Drivers 8,000 Machine hours $ Activity Rate 300.00 per machine hour Product modification 550,000 1,400 Engineering hrs. 29.00 per engineering hour Providing power 240,000 System calibration 450,000 19,000 Direct labor hrs. 700 batches 510.00 per direct labor hour 15.00 per batch Job 3175 Job 4286 Activity driver Incurred Overhead assigned Activity driver Incurred Overhead assigned