Edward Bennite corp uses activity-based costing to account for its chrome bumper manufacturing process. Company managers have identified four manufacturing activities: materials handling, machine setup, insertion of parts, and finishing. The budgeted activity costs for 2024 and their allocation bases are as follows:

	Activity	Budgeted Cost	Allocation Base
	Materials handling	7,000	Number of parts
	Machine setup	4,000	Number of setups
	Insertion of parts	33,000	Number of parts
	Finishing	60,000	Finishing direct labor hours

Edward Bennite corp expects to produce 600 chrome bumpers during the year. The bumpers are expected to use 3,000 parts, require 50 setups, and consume 2,000 hours of finishing time.

Compute the cost allocation rate using activity based costing.