E Homework: Chapter 4 ... Question 3, E4-20A (sim... Part 1017 HW Score: 0%, 0 of 5 points Points: 0 of 1 Save Farragut Company uses ABC to account for its chrome wheel manufacturing process. Company managers have identified four manufacturing activities that incur manufacturing overhead costs: materials handling, machine setup, insertion of parts, and finishing. The budgeted activity costs for the upcoming year and their allocation bases are as follows: (Click the icon to view the data.) Farragut Company expects to produce 1.000 chrome wheels during the you The wheels are expected to use 2.600 parts, require 15 setups, and consume 1,600 hours of finishing time. (Click the icon for completed job data) Read the requirements 0 Requirement 1. Compute the cost allocation rate for each activity. First identity the formula, then compute the rate for each activity Activity cost allocation rate - - X . Data table Activity Materials handling ---- Machine setup Total Budgeted Manufacturing Overhead Cost Allocation Base $ 13,000 Number of parts 5,700 Number of setups 33,800 Number of parts 56,000 Finishing direct labor hours $ 108,500 Insertion of parts . Finishing Total Print Done More info Job 420 used 200 parts, required 4 setups, and consumed 120 finishing hours. Job 510 used 425 parts, required 6 setups, and consumed 310 finishing hours. Print Done X Requirements 1. Compute the cost allocation rate for each activity. 2. Compute the manufacturing overhead cost that should be assigned to Job 420. 3. Compute the manufacturing overhead cost that should be assigned to Job 510. Print Done