Central Plain 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 setup, 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 data.) Central Plain expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 3,100 parts, require 25 setups, and consume 2,400 hours of finishing time (Click the icon for completed job data.) Requirement 1. Compute the cast allocation rate for each activity. First identify the formula, then compute the rate for each activity. Mat. handing Mach setup Insertion Finishing + Requirement 2. Compute the manufacturing overhead cost that should be assigned to Job 420. Activity cost allocation rate per part per setup per part per hour Activity Materiale handing Machine setup MOH Cost Insertion of parts Finishing Total Requirement 3. Compute the manufacturing overhead cost that should be assigned to Job 510. Activity Materials handing MOH Cost Machine setup Insertion of parts Finishing Total Read the requirements,