Complete all requirements

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 (Click the icon to viow the budgeted costs and activity bases.) Belleville Inc expects to produce 1.000 chrome wheels during the year. The wheels are expected to use 3,100 parts, require 25 set-ups, and consumo 2,400 hours of finishing time. Job 420 used 300 parts, required 3 set-ups, and consumed 120 finishing hours. Job 510 used 450 parts, required 5 set-ups, and consumed 360 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 overhead rate Requirements Budgeted bosts and activity bases 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 Allocation Base Activity Materials handling Machine set-up Insertion of parts Total Budgeted Manufacturing Overhead Cost $ 15500 7,000 49,600 91,200 Print Done Number of parts Number of set-ups Number of parts Finishing direct labour hours Finishing Total $ 163,300 Print Done