East Horizon uses ABC to account for its chrome wheel manufacturing process. Company managers East Horizon expects to produce 1,000 chrome wheels during the year. The wheels are expected have identified four manufacturing activities that incur manufacturing overhead costs: materials handling, to use 3,200 parts, require 25 setups, and consume 2,300 hours of finishing time. machine setup, insertion of parts, and finishing. The budgeted activity costs for the upcoming year and (Click the icon for completed job data.) their allocation bases are as follows: (Click the icon to view the data.) Read the requirements. Requirement 1. Compute the cost allocation rate for each activity. First identify the formula, then compute the rate for each activity. Requirement 2. Compute the manufacturing overhead cost that should be assigned to Job 420. Reauirement 3. Combute the manufacturina overhead cost that should be assianed to Job 510. Requirement 3. Compute the manufacturing overhead cost that should be assigned to Job 510 . Data table More info Job 420 used 300 parts, required 3 setups, and consumed 150 finishing hours. Job 510 used 400 parts, required 5 setups, and consumed 320 finishing hours. 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