Farrington Company uses ABC to acecunt for its chrome whool manufacturing procnss. Company mansgers have identiled four manutacturing activities that incur manufacturing overhead costs: materials handing, mactine setup, insertion of parts, and finishing. The budgoted activity costs for the upcoming year and their alocafion bases are as follows. Farington Compary 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 IIA (Click the icon to view the data) fiaking time. iClick the icon far completed job dass) Requirement 1. Compute the cost alocation rate for each activily. Fest identfy the formula, then compr Requirements More info 1. Compule the cost aliocation rate for each activity. 2. Compute the nanifacturing ovechead cost that should be asigned to sob 420 3. Compula the manuldeturing owechead coet that should be assigned to Job 510