Fletcher, Inc. uses activity-based costing to account for its chrome bumper manufacturing process. Company managers have identified four manufacturing activities: materials handling, machine setup, insertion of parts, and finishing. The budgeted activity costs for the year and their allocation bases are as follows: E (Click the icon to view the budgeted costs and activity bases.) Read the requirements Requirements Requirement 1. Compute the predetermined overhead allocation rate for each activity. Begin by selecting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each activity. 1. Compute the predetermined overhead allocation rate for each activity 2. Job 86 required the production of 170 bumpers and required one setup. Compute the indirect manufacturing cost allocated to Job 86. Predetermined OH Estimated overhead costs allocation rate Estimated qty of the allocation base 2,500 Materials handling $ 16,000 $ 6.40 Machine setup $ 4,800 10 = $ 480.00 Print Done Insertion of parts $ $ 19.20 48,000 69,000 2,500 2,500 Finishing $ $ 27.60 Requirement 2. Job 86 required the production of 170 bumpers and required one setup. Compute the indirect manufacturing cost allocated to Job 86. Begin by selecting the formula to allocate overhead (OH) costs. Data Table Predetermined OH allocation rate Expected qty of the allocation base used Allocated mfg. overhead costs Job 86 required the production of 170 bumpers and required one setup. Compute the indirect manufacturing cost allocated to Job 86. (Round all amou Job 86: Allocated Mfg. OH Cost Materials handling Machine setup Insertion of parts 480.00 Total Budgeted Activity Cost Allocation Base Materials handling S 16,000 Number of parts Machine setup 4,800 Number of setups Insertion of parts 48,000 Number of parts Finishing 69,000 Finishing direct labor hours $ 137,800 Total Fletcher expects to produce 500 chrome bumpers during the year. The bumpers are expected to use 2,500 parts, require 10 setups, and consume 2,500 hours of finishing time. 48000 Finishing Total mfg. OH costs