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 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.) 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 2,000 hours of finishing time. Job 420 used 175 parts, required 3 set-ups, and consumed 150 finishing hours. Job 510 used 550 parts, required 6 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. Budgeted costs and activity bases Activity Mat. handling Machine setup Insertion Finishing Requirement 2. Compute the manufacturing overhead cost that should be assigned to Job 420. MOH Cost overhead rate part / setup /part / hour Activity Materials handling .... Machine set-up Insertion of parts Finishing. Total Activity Materials handling Machine setup Insertion of parts Finishing Total Requirement 3. Compute the manufacturing overhead cost that should be assigned to Job 510. Activity Materials handling MOH Cost Machine setup Insertion of parts Finishing Total Requirements Total Budgeted Manufacturing Overhead Cost Allocation Base $ 12,000 3,400 Number of parts Number of set-ups 48,000 Number of parts 80,000 Finishing direct labour hours $ 143,400 Print Done 1. Compute the cost allocation rate for each activity. 2. Compute the MOH cost that should be assigned to Job 420. 3. Compute the MOH cost that should be assigned to Job 510. Print Done