Barre-Groton 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: i (Click the icon to view the budgeted costs and activity bases.) Barre-Groton Inc. expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 2,900 parts, require 15 set-ups, and consume 1,800 hours of finishing time. Job 420 used 200 parts, required 2 set-ups, and consumed 130 finishing hours Job 510 used 550 parts, required 4 set-ups, and consumed 380 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. Activity overhead rate - X Mat. handling part Requirements Machine setup setup Insertion part 1. Compute the cost allocation rate for each activity. 2. Compute the MOH cost that should be assigned to Job 420. Finishing / hour 3. Compute the MOH cost that should be assigned to Job 510 Requirement 2. Compute the manufacturing overhead cost that should be assigned to Job 420. Activity MOH Cost Print Done Materials handling Machine setup Insertion of parts Finishing Total Requirement 3. Compute the manufacturing overhead cost that should be assigned to Job 510. Activity MOH Cost Materials handling Machine setup Insertion of parts Finishing Total