Required information Problem 4-3A Applying activity-based costing LO P1, P3, A1, A2, C3 [The following information applies to the questions displayed below.j 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 Providing power System calibration Indirect Labor Indirect Materials Other Overhead $340,000 450,000 490,000 $190,000 $205,00ee Additional information on the drivers for its production activities follows Grinding Polishing Product modification Providing power System calibration 14,000 machine hours 14,000 machine hours 2,100 engineering hours 14,000 direct labor hours 1,200 batches Job 3175 130 units 450 MH Job 4286 1,625 units 4, 500 MH Number of units Machine hours Engineering hours Batches Direct labor hours eng hours eng hours 32 32 25 batches 75 batches 510 DLH 4,590 DLH Problem 4-3A Part 1 Required: 1. Classify each activity as unit level, batch level, product level, or facility level. Grinding Polishing Product modification Providing power System calibration 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 ivity driver Overhead incurred ctivity Grinding & Polishing Product modification Providing power System calibration Overhead Cost Activity Drivers Activity Rate Activity driver incurred Overhead Act assi Machine hours Engineering hrs Direct labor hrs. batches 5. If the company uses a plantwide overhead rate based on direct labor hours, what is the overhead cost for each unit of Job 3175? Of Job 4286? (Do not round intermediate calculations. Round "OH Cost per unit" answers to 2 decimal places.) Plantwide OH rate Units Produced OH Cost per unit Product Total Overhead Cost 0.00 $ 0.00 Job 3175 Job 4286