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Fletcher , Inc. uses activity-based costing to account for its chrome bumper manufacturing process. Company managers have identified four manufacturing activities: materials handling, machine setup, insertion of parts, and finishing. The budgeted activity costs for 2018 and their allocation bases are as follows: EE (Click the icon to view the budgeted costs and activity bases.) Read the requirements. Requirement 1, Compute the predetermined overhead allocation rate for each activity. 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 the nearest cent) Predetermined OH - allocation rate Materials handling Machine setup ] - O Data Table Insertion of parts Finishing Activity Total Budgeted Cost Allocation Base Requirement 2. Compute the expected indirect manufacturing cost of each bumper. Materials handling $ 18,000 Number of parts Begin by selecting the formula to allocate overhead (OH) costs. Machine setup 3,300 Number of setups 1 - Allocated mfg. overhead co Now compute the expected indirect manufacturing cost of each bumper(Round the cost per bumper to the nearest cent.) Allocated Mfg. OH Cost Insertion of parts 56,000 Number of parts 84,000 Finishing Finishing direct labor hours 161,300 Total Fletcher expects to produce 500 chrome bumpers during the year. The bumpers are expected to use 2,000 parts, require 10 setups, and consume 1,000 hours of finishing time. Materials handling Machine setup Choose from any list or enter any number in the input fields and then continue to the next question. Print Done