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 Budgeted costs and activity bases Total Budgeted Manufacturing Overhead Cost Allocation Base Activity Materials handling .... Machine set-up $ 13,500 Number of parts Number of set-ups 4,000 Insertion of parts .. Number of parts 48,600 82,800 Finishing. Finishing direct labour hours $ 148,900 Total ... Print Done Requirement 1. Compute the cost allocation rate for each activity. First, identify the formula, and then compute the rate for each activity. Activity 11 overhead rate Mat. handling 11 part Machine setup = setup Insertion II / part Finishing = 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