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Required information [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. Indirect Labor $330,000 Indirect Materials Other Overhead Production Activity Grinding Polishing Product modification Providing power System calibration $115,000 600,000 $205,000 460,000 Additional information on the drivers for its production activities follows. Grinding and Polishing Product modification Providing power System calibration 10,000 machine hours 2,200 engineering hours 13,000 direct labor hours 800 batches Number of units Machine hours Engineering hours Batches Direct labor hours Job 3175 180 units 300 MH eng. 29 hours 15 batches 440 DLH Job 4286 2,250 units 3,000 MH 34 eng. hours 45 batches 3,960 DLH 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.) Job 3175 Overhead Cost Job 4286 Activity driver Overhead incurred assigned Activity Rate Activity driver incurred Activity Grinding & Polishing Activity Drivers Machine hours Overhead assigned Product modification Engineering hrs. Providing power Direct labor hrs. System calibration batches Required: 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.) Product DL hours Plantwide OH Total Overhead Cost rate $ 0.00 $ Units Produced OH Cost per unit Job 3175 0 Job 4286 $ 0.00 $ 0

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