E4-20A (similar to) Question Help East Horizon uses ABC to account for its chrome wheel manufacturing process. Company managers have identified four mancuring activities that incur manufacturing overhead costs: material handling, machine setup, insertion of parts, and finishing. The budged activity for the upcoming year and their alocation bases are as follows: (Click the loon to view the budgeted costs and activity bases) tips, and consume 2.300 hours of East Horizon expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 3.200 parts, require 25 finishing time Job 420 used 300 parts, required 2 setups, and consumed 130 finishing hours Job 510 used 400 parts, required 3 setups, and consumed 340 finishing hours Read the requirements Requirement 1. Compute the cost location rate for each activity. First ly the form the compute theme for each A cost * Data Table Activity Materials.handling .... Total Budgeted Manufacturing Overhead Cost $ 6,400 9,000 54,400 89,700 Machine setup ....... Allocation Base Number of parts Number of setups Number of parts Finishing direct labor hours Insertion of parts...... Finishing...... $ 159,500 Total ....... Print Done 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