Problem C-1A Applying activity-based costing LO P1, P2, A1 Skip to question [The following information applies to the questions displayed below.] Craftmore Machining produces machine tools for the...

Extracted text: Required information Problem C-1A Applying activity-based costing LO P1, P2, A1 [The following information applies to the questions displayed below.] Craftmore Machining produces machine tools for the construction industry. The following details about overhead costs were taken from its company records. Production Activity Grinding Polishing Indirect Labor Indirect Materials Other Overhead $310,000 $145,000 Product modification 550,000 Providing power System calibration $260,000 560,000 Additional information on the drivers for its production activities follows. Grinding 17,000 machine hours 17,000 machine hours 1,500 engineering hours 15,000 direct labor hours 200 batches Polishing Product modification Providing power System calibration


Extracted text: Propiem C-1A Part 5 Job 3175 Job 4286 1,875 units 3,500 MH Number of units 150 units Machine hours 350 MH 30 eng. hours 10 batches 30 eng. hours 30 batches Engineering hours Batches Direct labor hours 520 DLH 4,680 DLH 5a. Compare the overhead costs per unit computed in requirements 3 and 4 for each job. (Round your answers to 2 decimal places.) Average Overhead Cost Job 3175 Job 4286 Using ABC Using plantwide rate 5b. Which method more accurately assigns overhead costs? O Plantwide rate method O ABC method