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Central Plain 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 upooming year and their allocation bases are as follows: (Click the icon to view the data.) Central Plain expects to produce 1,000 chrome whoels during the year. The wheols are expected to use 3,000 parts, require 20 setups, and consume 2,000 hours of finishing time. (Click the icon for completed job data.) Read the reguirements. Requirement 1. Compute the cost allocation rate for each activity. First identify the formula, then compute the rate for each activity. Data table oduce 1,000chr o use 3,000 part: hishing time. pleted job data.) each activity. pst rate per part More info Job 420 used 150 parts, required 3 setups, and consumed 100 finishing hours. Job 510 used 500 parts, required 5 setups, and consumed 340 finishing hours