Farrington 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.) Farrington Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 2,900 parts, require 15 setups, and consume 1,800 hours of finishing time. (Click the icon for completed job data.) Read the requirements. Data table Requirement 1. Compute the cost allocation rate for each activity. Materials handling (per part) Machine setup (per setup) Insertion (per part) Finishing (per hour) Activity cost allocation rate Requirement 2. Compute the manufacturing overhead cost that should be assigned to Job 420. The manufacturing overhead cost that should be assigned to Job 420 is Requirement 3. Compute the manufacturing overhead cost that should be assigned to Job 510. The manufacturing overhead cost that should be assigned to Job 510 is Total Budgeted Manufacturing Activity Overhead Cost Allocation Base Materials handling .... 8,700 Number of parts 4,650 Number of setups 49,300 Number of parts 75,600 Finishing direct labor hours. $ 138,250 Machine setup Insertion of parts... Finishing. Total Print Done More info Requirements Job 420 used 100 parts, required 4 setups, and consumed 130 finishing hours. Job 510 used 475 parts, required 6 setups, and consumed 300 finishing hours. Print Done 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. Print Done -