Farragut, 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 to view the budgeted costs and activity bases) Read the requirements Estimated overhead costs Estimated qty of the allocation base allocation rate % Materials handling $ 3,000 1,000 S 3.00 Machine setup $ 3.300 5 $ 660.00 Insertion of parts $ Finishing $ 54,000 81.000 1.000 =$ 54.00 1,000 $ 8100 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. Expected qty of the allocation base used Predetermined OH allocation rate = 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 nearest cent) Job 86: Materials handling Machine setup Allocated Mfg OH Cost