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margens Fortunado, Inc. uses activity-based cosing to account for its chrome bumper manufacturing process. Company budgeted actvity costs for 2014 and their alocation bases are as follows (Cick the to view the budgeted costs and activity bases.) Fortunado expects to produce 500 cheome bumpers during the year. The bumpers are expected to use 4,000 parts, require 10 setups, and consume 1,000 hours of finishing time 1. Compute the predebermined overhead alocation rate for each activity 2. Compute the expected indirect manufacturing cost of each bumper 13.50 $78.00 54,000 4,000 Insertion of parts 78,000 1,000 Requirement 2. Compute the expected indirect manufacturing cost of each bumper Begin by selecting the formuls to allocate overhead (OH) costs Predetermined OH allocation rate Expected qty of the allocation base used Allocated mfg. overhead costs ound the cost per bumper to the nearest cent Data Table Now compute the expected indirect manufacturing cost of each bumper. (F Allocated Mfg. OH Cost Materials handing Machine setup Insertion of parts Finishing Total mig OH costs Number of bumpers Mitg OH cost per bumper Activity Materials handing $ Machine setup Insertion of parts Total Budgeted Cost 9.000 3,300 54,000 78,000 144,300 Allocation Base Number of parts Number of setups Number of parts Finishing direct labor hours Total Enter any number in the edit fields and then click Check I parts showing Print Done esc 3 4