E7-29B Compute activity rates and apply to jobs (Learning Objective 2) Central Plain ises ABC to account for its chrome wheel manufacturing process. Company managers have identified four manufacturing activities that incur manufacturing overhead costs 26 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: Activity Total Budgeted Manfacturing Allocation Base Overhead Cost $ 5,600 Number of parts Materials handling Machine set-up 6,400 Number of set-ups Insertion of 39,200 Number of parts parts Finishing 96.00 Finishing direct labour hours Total $148.000 Central Plain expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 2,800 parts, require 20 set-ups, and consume 2.200 hours of finishing time. Check sum: Finishing costs activity rate is $44.00 per hour Job 420 used 250 parts, required 3 set-ups, and consumed 130 finishing hours. Job 310 used 475 parts, required 6 set-ups, and consumed 300 finishing hours Requirements 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