i Data Table - Total Budgeted Activity Cost Allocation Base Materials handling $ 14,000 Number of parts Machine setup 4,200 Number of setups Insertion of parts 48,000 Number of parts Finishing 90,000 Finishing direct labor hours $ 156,200 Total Fandrey expects to produce 500 chrome bumpers during the year. The bumpers are expected to use 4,000 parts, require 5 setups, and consume 1,000 hours of finishing time. Print Dond 0 Fandrey, Inc. uses activity-based costing to account for its chrome bumper manufacturing process Company managers have identified four man acturing activities materials anding machine setup, insertion of parts, and finishing the budgeted activity costs for 2018 and their location bases are as follows m Click the icon to view the budgeted costs and activity bases.) Read the requirements Requirement 1. Compute the predetermined overhead allocation rate for each activity Begin by selecting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each activity (Round your answers to the nearest cont.) Predelmined OH allocation rate Materials handling Machine setup Insertion of parts Finishing Requirement 2. Compute the expected indirect manufacturing cost of each bumper Allocated mig, overhead costs Now compute the expected indirect manufacturing cost of each bumper. (Round the cost per bumper to the nearest cont.) Allocated Mfg. OH Cost Materials handling Machine setup Insertion of parts Finishing Total mfg. OH costs Number of bumpers Mfg. OH cost per bumper