(Solved): Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost ...

Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours. 2. Job 31 used 360 direct labor hours and Job 42 used 650 direct labor hours. Allocate overhead cost to each job using the single plantwide 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 Usage Activity Cost Driver Job 31 Job 42 Direct labor hours (DLH) 360 650 Engineering hours (EH) 42 48 Machine hours (MH) 50 60 Setups 5 7 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours. Numerator 0 per direct labor hour Denominator < Required 1 Required 2 > II Required 1 Required 2 Required 3 Required 4 Job 31 used 360 direct labor hours and Job 42 used 650 direct labor hours. Allocate overhead cost to each job using the single plantwide overhead rate from part 1. Plantwide Overhead Rate Direct Labor Hours per Unit Overhead Allocated Job 31 per direct labor hour direct labor hours Job 42 per direct labor hour direct labor hours Required 3 > < Required 1 Required 1 Required 2 Required 3 Required 4 Compute an activity rate for each activity using activity-based costing. (Round "Activity Rate" to 2 decimal places.) Activity Budgeted Cost Budgeted Activity Usage Activity Rate Assembly Product design Electricity Setup < Required 2 Required 4 > Required 1 Required 2 Required 3 Required 4 Allocate overhead costs to Job 31 and Job 42 using activity-based costing. (Round "Activity Rate" to 2 decimal places.) Allocate overhead to Job 31 Activity Usage Activity Rate Allocated Cost Activity Assembly Product design Electricity Setup Total $ 0 Allocate overhead to Job 42 Activity Usage Activity Rate Allocated Cost $ 0 < Required 3 Activity Assembly Product design Electricity Setup Total Required 4