0 Requirements 1. Compute the predetermined overhead allocation rate for each activity. 2. Compute the expected indirect manufacturing cost of each bumper. Data Table Activity Total Budgeted Cost Allocation Base Materials handling 6,000 Number of parts Machine setup 4,200 Number of setups Insertion of parts 56,000 Number of parts 72,000 Finishing Finishing direct labor hours 138,200 Total Fortunado expects to produce 500 chrome bumpers during the year. The bumpers are expected to use 2,000 parts, require 10 setups, and consume 3,000 hours of finishing time. Fortunado, Inc. uses activity-based costing to account for its chrome bumper manufacturing process. Company managers have identified four manufacturing activities materials handing, parts, and finishing. The budgeted activity costs for 2018 and their allocation bases are as follows: (Click the icon to view the budgeted costs and activity bases) Read the requirements Begin by selecting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each activity (Round your answers to Predetermined OH allocation rate Materials handling Machine setup Insertion of parts Finishing Requirement 2. Compute the expected indirect manufacturing cost of each bumper Begin by selecting the formula to allocate overhead (OH) costs. - Allocated mig overhead costs Now compute the expected indirect manufacturing cost of each bumper. (Round the Allocated Mfg. OH Cost Materials handling Machine setup Insertion of parts Finishing Total mfg. OH costs Number of bumpers Mfg. OH cost per bumper