Total Budgeted Manufacturing Overhead Cost Activity Allocation Base $ 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 Fortunado 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: PE (Click the icon to view the budgeted costs and activity bases.) Fortunado Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 2,900 parts, require 15 setups, and consume 1,800 hours of finishing time. Job 420 used 200 parts, required 3 setups, and consumed 100 finishing hours. Job 510 used 400 parts, required 6 setups, and consumed 350 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 Insertion per setup per part per hour Finishing ] = Requirement 2. Compute the manufacturing overhead cost that should be assigned to Job 420. Activity MOH Cost 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 Choose from any list or enter any number in the innut fields and then continue to the next