p, inserti jon bas costs a Data Table ume 2 ome whe ed 2 set ed 4 sett Total Budgeted Manufacturing Overhead Cost cation ra Allocation Base $ 13,200 Activity Materials handling ... Machine setup Insertion of parts Number of parts 5,200 Number of setups Number of parts 49,500 86,100 Finishing Finishing direct labor hours Total $ 154,000 Print cturing ou Done umber in the input fields and then continue to the next question. Farraway 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 budgeted costs and activity bases.) Farraway expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 3,300 parts, require 20 setups, and consume 2,100 hours of finishing time. Job 420 used 200 parts, required 2 setups, and consumed 160 finishing hours Job 510 used 400 parts, required 4 setups, and consumed 320 finishing hours. Read the requirements 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 Mat handling per part Mach setup per setup Insertion per part Finishing per hour Requirement 2. Compute the manufacturing overhead cost that should be assianed to Job 420. Requirement 2. Compute the manufacturing overhead cost that should be assigned to Job 420. MOH Cost Activity Materials handling Machine setup Insertion of parts Finishing Total Requirement 3. Compute the manufacturing overhead cost that should be assigned to Job 510. Activity MOH Cost Materials handling Machine setup Insertion of parts Finishing Total