Fanington Company uses ABC to acoount for its chrome wheel inanutacturing process. Famington Company expects to produce 1,000 chrome wheels durirg the year. The Company maragers heve identfied four manulachurng activities that incur mariulscturing wheols are expected to une 3,000 parts, recuire 10 setups, and consume 2,000 overhead costs: materials handing, machine setup, inserion of parts, and friahing. The budgeted acturty costs for the upooming year and their allocntion bases are as follown: (i) (click the icon for complebed iob data) (Cllok the icon to view the dirta.) Reed the maulementl: Requirement 1. Conpute the cont alocation rain for each activey. Fint idertfy the lormula, then corppute the mate for each activily Requilrement 2 . Compule the marutacturng evented cont thit shoud be ansigned io Job 480. Data table More info Job 420 used 100 parts, required 3 setups, and consumed 150 finishing hours. Job 510 used 425 parts, required 4 setups, and consumed 340 finishing hours. Requirement 2. Compute the manufacturing overhead cost that should be assigned to Job 420 . Requirement 3. Compule the manulacturing overhead cost that should be assigned to Job 510