Total Budgeted Activity Manufacturing Overhead Cost $ 11,000 Allocation Base Materials.handling .... Machine setup ....... Insertion of parts. ..... 3,600 Number of parts Number of setups Number of parts 44,000 76,500 Finishing ............ Finishing direct labor hours $ 135,100 Total ............... Print Done Franklin 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.) Franklin Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 2,750 parts, require 15 setups, and consume 1,700 hours of finishing time. Job 420 used 100 parts, required 4 setups, and consumed 150 finishing hours. Job 510 used 425 parts, required 6 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 Mach setup per part per setup per part Insertion Finishing per hour Choose from any list or enter any number in the input fields and then continue to the next question. Total Budgeted Activity Manufacturing Overhead Cost $ 11,000 Allocation Base Materials.handling .... Machine setup ....... Insertion of parts. ..... 3,600 Number of parts Number of setups Number of parts 44,000 76,500 Finishing ............ Finishing direct labor hours $ 135,100 Total ............... Print Done Franklin 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.) Franklin Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 2,750 parts, require 15 setups, and consume 1,700 hours of finishing time. Job 420 used 100 parts, required 4 setups, and consumed 150 finishing hours. Job 510 used 425 parts, required 6 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 Mach setup per part per setup per part Insertion Finishing per hour Choose from any list or enter any number in the input fields and then continue to the next