mework 3 - Chapter 4 Question 2, E4-35B (similar to) Part 1 of 7 West Horizon 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) HW Score: 0%, 0 of 10 points O Points: 0 of 4 Save West Horizon expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 3,000 parts, require 10 setups, and consume 2.000 hours of finishing lime (Click the icon for completed job data) Requirement 1. Compute the cost allocation rate for each activity. First identify the formula, then compute the rate for each activity Activity cost allocation rate