Your name Section # Student ID# estio Groton Inc. expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 2,600 parts that require 15 set-ups and consume 1,600 hours of finishing time. Job 420 used 250 parts, required 4 set-ups and consumed 130 finishing hours .Job 510 used 575 parts, required 6 set-ups, and consumed 330 finishing hours Budgeted Manufacturing Allocation Base Overhead Cost Activity Materials handling Machine set-up Insertion parts Finishing Total 13,000 5,700 33,800 56,000 108,500 Number of parts Number of set-ups Number of parts Finishing Direct Labour Hours Compute the cost allocation rate for each activity: Requirement B (10 marks Compute the manufacturing overhead cost that should be assigned to Job 420