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 the year and their allocation bases are as follows: (Click the icon view the budgeted costs and activity bases.) Read the requirements CHIR 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 Requirement 2. Job 86 required the production of 200 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 mig, overhead costs Job 86 required the production of 200 bumpers and required one setup. Compute the indirect manufacturing cost allocated to Job 86. (Round all amounts to the nearest cent.) Job 86: Allocated Mfg. OH Cost Materials handling Machine setup Insertion of parts Finishing Total mig. OH costs Data Table Requirements 1. Compute the predetermined overhead allocation rate for each activity. 2. Job 86 required the production of 200 bumpers and required one setup. Compute the indirect manufacturing cost allocated to Job 86. Total Budgeted Activity Cost Allocation Base Materials handling $ 4,000 Number of parts Machine setup 3,900 Number of setups Insertion of parts 52,000 Number of parts Finishing 81,000 Finishing direct labor hours $ Total 140,900 Fandrey expects to produce 500 chrome bumpers during the year. The bumpers are expected to use 1,000 parts, require 5 setups, and consume 1,200 hours of finishing time. Print Done Print Done