Farrington Company uses ABC to account for its chrome wheel manufacturing process. Company Farrington Company expects to produce 1,000 chrome wheels during the year. The V managers have identified four manufacturing activities that incur manufacturing overhead costs: wheels are expected to use 2,700 parts, require 10 setups, and consume 1,800 hours o materials handling, machine setup, insertion of parts, and finishing. The budgeted activity costs finishing time for the upcoming year and their allocation bases are as follows: X :: (Click the icon to view the data.) More info - X Data table Job 420 used 200 parts, required 2 setups, and consumed 110 finishing hours. Job 510 used 400 parts, required 6 setups, and consumed 340 finishing hours. Total Budgeted Manufacturing Activity Overhead Cost Allocation Base Materials handling ... . 13,500 Number of parts Print Done Machine setup 4,000 Number of setups Insertion of parts 48,600 Number of parts Finishing 82,800 Finishing direct labor hours X 148,900 Total Requirements 1. Compute the cost allocation rate for each activity. 2. Compute the manufacturing overhead cost that should be assigned to Job 420. Print Done 3. Compute the manufacturing overhead cost that should be assigned to Job 510