Belleville 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 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.) Belleville 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 1,500 hours of finishing time. Job 420 used 175 parts, required 5 set-ups, and consumed 150 finishing hours. Job 510 used 625 parts, required 6 set-ups, and consumed 340 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 1 = overhead rate Mat, handling / part Machine setup I setup Insertion / / part Finishing /hour Requirement 2. Compute the manufacturing overhead cost that should be assigned to Job 420. MOH Cost Activity Materials handling Machine setup Insertion of parts Finishing Requirement 2. Compute the manufacturing overhead cost that should be assigned to Job 420. MOH Cost Activity Materials handling Machine setup Insertion of parts Finishing Total Requirement 3. Compute the manufacturing overhead cost that should be assigned to Job 510. MOH Cost Activity Materials handling Machine setup Insertion of parts Finishing Total Budgeted costs and activity bases Activity Materials handling Machine set-up Insertion of parts ..... Finishing Total Total Budgeted Manufacturing Overhead Cost Allocation Base $ 9,000 Number of parts 3,500 Number of set-ups 45,000 Number of parts 78,000 Finishing direct labour hours $ 135,500 Print Done