Craftmore Machining reports the following budgeted overhead cost and related data for this year. 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 320 direct labor hours and Job 42 used 640 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. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Job 31 used 320 direct labor hours and Job 42 used 640 direct labor hours. Allocate overhead cost to each job using the single plantwide overhead rate from part 1. \begin{tabular}{|l||l|l|l|} \hline Required 1 & Required 2 & Required 3 & Required 4 \\ \hline \end{tabular} Allocate overhead costs to Job 31 and Job 42 using activity-based costing. (Round "Activity Rate" to 2 decimal places.) Required 3 Required 4 Complete this question by entering your answers in the tabs below..

1. Craftmore Machining reports the following budgeted overhead cost and related data for this year.
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 320 direct labor hours and Job
42 used 640 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. Complete
this question by entering your answers in the tabs below. Complete this question by entering
your answers in the tabs below. Job 31 used 320 direct labor hours and Job 42 used 640 direct
labor hours. Allocate overhead cost to each job using the single plantwide overhead rate from
part 1. begin{tabular}{|l||l|l|l|} hline Required 1 & Required 2 & Required 3 & Required 4
hline end{tabular} Allocate overhead costs to Job 31 and Job 42 using activity-based costing.
(Round "Activity Rate" to 2 decimal places.) Required 3 Required 4 Complete this question by
entering your answers in the tabs below.