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 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.) Materials handling Machine setup Insertion of parts Finishing = Predetermined OH allocation rate Requirement 2. Job 86 required the production of 190 bumpers and required one setup. Compute the indirect manufacturing cost allocated to Job 86. Begin by selecting the formula to allocate overhead (OH) costs. Allocated mfg. overhead costs Job 86 required the production of 190 bumpers and required one setup. Compute the indirect manufacturing cost allocated to Job 86. (Round all amounts to the Allocated Mfg. OH Cost Job 86: Materials handling Machine setup Insertion of parts Finishing Total mfg. OH costs Data table Activity Total Budgeted Cost Allocation Base Materials handling Machine setup Insertion of parts $ 14,000 Number of parts 3,300 Number of setups 45,000 Number of parts 90,000 Finishing Finishing direct labor hours $ 152,300 Total Fandrey expects to produce 500 chrome bumpers during the year. The bumpers are expected to use 1,000 parts, require 10 setups, and consume 1,500 hours of finishing time. Print Done