ework Question 2, E4-22A (similar to) HW Score: 0%, 0 of 7 points Part 1 of 7 O Points: 0 of 1 Save West Horizon uses ABC to account for its chrome wheel manufacturing West Horizon expects to produce 1,000 chrome wheels during process. Company managers have identified four manufacturing the year. The wheels are expected to use 3,000 parts, require activities that incur manufacturing overhead costs: materials handling, 20 setups, and consume 2,000 hours of finishing time. machine setup, insertion of parts, and finishing. The budgeted activity i(Click the icon for completed job data.) costs for the upcoming year and 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. Activity cost allocation ratelomework Question 2, E4-22A (similar to) HW Score: 0%, 0 of 7 points Part 1 of 7 O Points: 0 of 1 Save West Horizon uses ABC to account for its chrome wheel manufacturing West Horizon expects to produce 1,000 chrome wheels during K process. Company managers have identified four manufacturing the year. The wheels are expected to use 3,000 parts, require activities that incur manufacturing overhead costs: materials handling, 20 setups, and consume 2,000 hours of finishing time. machine setup, insertion of parts, and finishing. The budgeted activity (Click the icon for completed job data.) costs for the upcoming year and their allocation bases are as follows: (Click the icon to view the data.) Read the requirements. X Data table bute the rate for each activity. Total Budgeted Manufacturing Activity cost Activity Overhead Cost Allocation Base allocation rate Materials handling . . $ 6,000 Number of parts Machine setup 3,200 Number of setups Insertion of parts 42,000 Number of parts 74,000 Finishing . Finishing direct labor hours S 125,200 Total . Print Donework Question 2, E4-22A (similar to) HW Score: 0%, 0 of 7 points Part 1 of 7 O Points: 0 of 1 Save West Horizon uses ABC to account for its chrome wheel manufacturing West Horizon expects to produce 1,000 chrome wheels during process. Company managers have identified four manufacturing the year. The wheels are expected to use 3,000 parts, require activities that incur manufacturing overhead costs: materials handling, 20 setups, and consume 2,000 hours of finishing time. machine setup, insertion of parts, and finishing. The budgeted activity i (Click the icon for completed job data.) costs for the upcoming year and their allocation bases are as follows: (Click the icon to view the data.) Read the requirements. the rate for each activity. - X Requirements Activity cost allocation rate 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. Print Donework