i 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 Data Table Total Budgeted Manufacturing Overhead Cost Allocation Base $ Activity Materials handling .... Machine setup Insertion of parts. 8,700 4,650 49,300 75,600 Number of parts Number of setups Number of parts Finishing Finishing direct labor hours $ 138,250 Total .. Print Done Wone Frederick Company uses AHC to account for its chrome wheel manufacturing process Company managers have derned four manufacturing activities that incur manufacturing overhead con menu handing machine selup.insertion of parts, and inishing the budgeted activity costs for the upcoming year and the location base a low (Cock the icon to view the budgeted costs and activity bases) Frederick Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 2.000 parts, require 15 setups, and consume 1,800 hours of finishing time Job 420 used 100 parts, required 3 setups, and consumed 120 finishing hours Job 510 used 475 parts, required 6 setups, and consumed 350 finishing hours Read the requirements Requirement 1. Compute the cost allocation rate for each activity. First Identity the formula, then compute the rate for each activity Activity cost Total activity overhead (est) Total activity allocation base allocation rate Mat handling per part