Baddeck Inc. 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 set-up, insertion of parts, and finishing. The budgeted activity costs for the upcoming year and their allocation bases are as follows: (Click the icon to view the budgeted costs and activity bases.) Baddeck Inc. expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 3,000 parts, require 10 set-ups, and consume 2,000 hours of finishing time. Job 420 used 300 parts, required 4 set-ups, and consumed 200 finishing hours. Job 510 used 550 parts, required 5 set-ups, and consumed 360 finishing hours. Requirements Requirement 1. Compute the cost allocation rate for each activity. First, identify the formula, and then compute the rate for each activity. 4 Mat. handling Machine setup Insertion Finishing Requirement 2. Compute the manufacturing overhead cost that should be assigned to Job 420. Activity MOH Cost Activity overhead rate part = /setup /part /hour Materials handling Choose from any list or enter any number in the input fields and then continue to the next question. Baddeck Inc. 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 set-up, insertion of parts, and finishing. The budgeted activity costs for the upcoming year and their allocation bases are as follows: (Click the icon to view the budgeted costs and activity bases.) Baddeck Inc. expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 3,000 parts, require 10 set-ups, and consume 2,000 hours of finishing time. Job 420 used 300 parts, required 4 set-ups, and consumed 200 finishing hours. Job 510 used 550 parts, required 5 set-ups, and consumed 360 finishing hours. Requirements Machine setup Insertion of parts Finishing Total Requirement 3. Compute the manufacturing overhead cost that should be assigned to Job 510. Activity Materials handling Machine setup Insertion of parts Finishing Total MOH Cost Choose from any list or enter any number in the input fields and then continue to the next question. ties that incur manufacturing overhead costs: materials handling, machine set-up, insertion of parts ted activity costs for the upcoming year and their allocation bases are as follows: t m to view the budgeted costs and activity bases.) Budgeted costs and activity bases 00 parts, re - se 30 Total Budgeted Manufacturing Activity Overhead Cost Allocation Base Materials handling. $ 12,000 Number of parts Machine set-up 3,400 Number of set-ups Con Insertion of parts.... 48,000 Number of parts 80,000 ty Finishing.. Phishing direct labour hours $ 143,400 ng Total s Print Done