Farraway 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.) Farraway Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 3,300 parts, require 20 setups, and consume 2,100 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. Activity cost : = allocation rate Mat. handling per part Mach setup per setup IL LILI Insertion * per part Finishing : per hour Requirement 2. Compute the manufacturing overhead cost that should be assigned to Job 420. Activity MOH Cost Materials handling Machine setup Insertion of parts Choose from any list or enter any number in the input fields and then continue to the next question. Farraway 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.) Farraway Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 3,300 parts, require 20 setups, and consume 2,100 hours of finishing time. (Click the icon for completed job data.) Read the requirements. Materials handling Machine setup Insertion of parts Finishing Total Requirement 3. Compute the manufacturing overhead cost that should be assigned to Job 510. Activity MOH Cost Materials handling Machine setup Insertion of parts Finishing Total Choose from any list or enter any number in the input fields and then continue to the next question. Farraway Company uses ABC to account for its chrome wheel manufacturing process. Company Farraway Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to managers have identified four manufacturing activities that incur manufacturing overhead costs: materials use 3,300 parts, require 20 setups, and consume 2,100 hours of finishing time. handling, machine setup, insertion of parts, and finishing. The budgeted activity costs for the upcoming (Click the icon for completed job data.) year and their allocation bases are as follows: (Click the icon to view the data.) X i Data Table Materials handling Machine setup Insertion of parts Total Budgeted Manufacturing Finishing Activity Overhead Cost Allocation Base Materials handling $ Total 13,200 Number of parts Machine setup 5,200 Number of setups Requirement 3. Compute the manufacturing overhead cost th Insertion of parts 49,500 Number of parts Activity MOH Cost Finishing 86,100 Finishing direct labor hours Materials handling $ 154,000 Total Machine setup Insertion of parts Print Done Finishing Total Choose from any list or enter any number in the input fields and then continue to the next question. Farraway Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to von 2200 norto cavi 20. ostune and consume 2,100 hours of finishing time. Farraway Company uses ABC to account for its chrome wheel manufacturing process. Company managers have identified four manufacturing activities that inaur manufacturins svarbood conto material handling, machine setup, insertion of parts, and finishing. year and their allocation bases are as follows: i Requirements (Click the icon to view the data.) - X Materials handling Machine setup Insertion of parts 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. Finishing Print Done Total Requirement 3. Compute the manufacturing overhead cost tp 1 X More Info Activity MOH Cost Materials handling Machine setup Insertion of parts Job 420 used 200 parts, required 2 setups, and consumed 150 finishing hours. Job 510 used 400 parts, required 4 setups, and consumed 320 finishing hours. Finishing Total Print Done Choose from any list or enter any number in the input fields and then continue to the next