Requirement 1. Compute the predetermined overhead alocation rate for each activity Begin by selecting the formula to calculate the predetermined overhead (OH) alocation rate. Then enter the amounts to compute the location rate for each activity (Round your answers to the neares Predeemed OH allocation rate Material handling Machup Insertion of parts Finishing Requirement 2. Compute the expected indirect manufacturing cost of each bun Begin by selecting the formula to locate overhead (OH) costs Allocated og Now compute the expected indirect manufacturing cost of each bumper Round the cost per bumper to the nearest cent) ced OH Cost Data Table Materials handling Machine setup Insertion of parts Total Budgeted Cost Total OH costs Number of bumpers M OH cost per bumper Activity Materials handing Machine setup Insertion of parts Fishing 3.600 51 000 Number of parts Number of setups Number of parts 1516 Fortunado expects to produce chrome bumpers during the year bumpers are expected to use 2.500 parts require 10 setups, and consume 1500 hours of finishing