Fadeley, Inc. 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 the year and their allocation bases are as follows:

$($Click the icon to view the budgeted costs and activity bases.$)$

Requirement $1.$ Compute the predetermined overhead allocation rate for each activity.

Begin by selecting the formula to calculate the predetermined overhead $(OH)$ allocation rate. Then enter the amounts to compute the allocation rate for each activity. $($Round your answers to the nearest cent.$)$