Bridgenorth 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.) Bridgenorth Inc. expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 2,700 parts, require 10 set-ups, and consume 1,800 hours of finishing time. Job 420 used 125 parts, required 2 set-ups, and consumed 200 finishing hours. Job 510 used 575 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. - x fur manufacturing overhead co Budgeted costs and activity bases hrome wheel g. The budge ests and act ome wheels t-ups, and co t-ups, and ca 800 hours of finishing time. Total Budgeted Manufacturing Activity Overhead Cost Allocation Base Materials handling $ 13,500 ate for each Number of parts Number of set-ups Machine set-up e rate for ea Insertion of parts 4,000 48,600 82,800 Number of parts Finishing. Finishing direct labour hours $ 148,900 Total / 1 Print Done Activity overhead rate Mat. handling / = part Machine setup / / setup Insertion / part Finishing 1 / hour Requirement 2. Compute the manufacturing overhead cost that should be assigned to Job 420. Activity MOH Cost Materials handling Machine setup Insertion of parts Finishing Total