Craftmore Machining reports the following budgeted overhead cost and related data for this year.ActivityAssemblyProduct designBudgeted Activity Usage13,000Activity Cost DriverDirect labor hours (DLH)Engineering hours (EH)Machine hours (MH)Electricity1,00010,500420SetupsSetupTotalBudgeted Cost$ 409,50063,00021,00052,500$ 546,000Required:1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours.2. Job 31 used 220 direct labor hours and Job 42 used 500 direct labor hours. Allocate overhead cost to each job using the singleplantwide 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 DriverDirect labor hours (DLH)Engineering hours (EH)Machine hours (MH)SetupsActivity UsageJob 3122028524Job 4250034626Complete this question by entering your answers in the tabs below.Required 1 Required 2Required 3 Required 4Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours.NumeratorDenominator

Name: Craftmore Machining reports the following budgeted overhead cost and
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Craftmore Machining reports the following budgeted overhead cost and related data for this year.ActivityAssemblyProduct designBudgeted Activity Usage13,000Activity Cost DriverDirect labor hours (DLH)Engineering hours (EH)Machine hours (MH)Electricit