Farragut Company uses ABC to account for its chrome wheel manufacturing process. Company managers have identified four manufacturing activities that incur manufacturing overhead costs: materials handling, machine setup, insertion of parts, and finishing. The budgeted activity costs for the upcoming year and their allocation bases are as follows: (Click the icon to view the data.) Farragut Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 2,750 parts, require 15 setups, and consume 1,700 hours of finishing time. (Click the icon for completed job data.) Read the requirements. Requirement 1. Compute the cost allocation rate for each activity. First identify the formula, then compute the rate for each activity. Requirements Activity cost allocation rate Mat. handling per part 1. Compute the cost allocation rate for each activity. 2. Compute the manufacturing overhead cost that should be assigned to Job 420. 3. Compute the manufacturing overhead cost that should be assigned to Job 510. Mach setup per setup Insertion per part Print Finishing Done per hour Requirement 2. Compute the manufacturing overhead cost that should be assigned to Job 420. Data Table Activity MOH Cost More Info Materials handling Machine setup Insertion of parts Job 420 used 300 parts, required 2 setups, and consumed 100 finishing hours. Job 510 used 425 parts, required 4 setups, and consumed 300 finishing hours. Finishing Total Budgeted Manufacturing Activity Overhead Cost Allocation Base Materials handling .....$ 11,000 Number of parts Machine setup 3,600 Number of setups Insertion of parts 44,000 Number of parts Finishing 76,500 Finishing direct labor hours 135, 100 Total. Total Print Done Requirement 3. Compute the manufacturing overhead Choose from any list or enter any number in the input fields and then continue to the next question. Print Done