Data table Total Budgeted Manufacturing Activity Materials handling Machine setup Overhead Cost Allocation Base $ SA 11,000 Number of parts 3,600 Number of setups Insertion of parts ..... 44,000 Number of parts 76,500 Finishing Total Finishing direct labor hours 6A $ 135,100 Print Done Frances Company 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.) Frances Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 2,750 parts, require 15 setups, and consume 1,700 hours of finishing time (Click the icon for completed job data.) Read the mante CLED Requirement 1. Compute the cost allocation rate for each activity. First identify the formula, then compute the rate for each activity. Activity cost allocation rate Requirements 1. Compute the cost allocation rate for each activity. 2. Compute the manufacturing overhead cost that should be assigned to Job 420. 3. Compute the manufacturing overhead cost that should be assigned to Job 510. Print Done