Fandrey, 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 2018 and their allocation bases are as follows: EEE (Click the icon to view the budgeted costs and activity bases.) Read the requirements. 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.) Predetermined OH allocation rate Materials handling[ Machine setup Insertion of parts Finishing Fandrey, 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 2018 and their allocation bases are as follows: EEE (Click the icon to view the budgeted costs and activity bases.) Read the requirements. 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.) Predetermined OH allocation rate Materials handling[ Machine setup Insertion of parts Finishing Begin by selecting the formula to allocate overhead (OH) costs. Allocated mfg. overhead costs Now compute the expected indirect manufacturing cost of each bumper. (Round the cost per bumper to the nearest cent.) Allocated Mfg. OH Cost Materials handling Machine setup Insertion of parts Finishing Total mfg. OH costs Ni insertion of parts, and finishing. The budgeted acivity costs for 2018 and their allocation bases a Ell (Click the icon to view the budgeted costs and activity bases.) Read the requirements Data Table Activity Materials handing Machine setup Insertion of parts Finishing Total Total Budgeted Cost Allocation Base Number of parts Number of setups Number of parts Finishing direct labor hours Now compute the expected indirect manufacturing cost of each bumper. (Round the cost per bum 4.000 4,200 63,000 93,000 164,200 Allocated Mfq. OH Cost Materials handling Machine setup Insertion of parts Finishing Total mfg. OH costs Number of bumpers Mfg. OH cost per bumper Fandrey expects to produce 500 chrome bumpers during the year. The bumpers are expected to use 2,000 parts, require 5 setups, and consume 1,500 hours of finishing time Print Done Choose from any list or enter any number in the input fields and then continue to the next