East Horizon uses ABC to acoount for its chrome wheel manufacturing process. Company managers hawe idenased four manufacturing activises that incur manutacturing overbead costs: East Hoezzon expects to produce 1,000 chrome wheels during the year. The wheels are materials handing, machine setup, insertion of parts, and finishing. The budgeted activity costs expected to use 2,700 parts, tequee 10 setups, and consume 1,800 hours of finishing for the upcoming year and their alocation bases are as follows: EIf (Cick the icon to viow the data) (Cicick the icon for completed job data.) Data table More info Jes 420 used 100 parts, required 5 setipe, and constined 150 frishing houn. Job 510 used 450 pars, requined 6 selups, and consumed 320 finhing hours Requirement 1. Compute the cost aliocation 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. Requirement 3. Compute the manufacturing overhead cost that should be assigned to Job 510