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 ofparts, and finishing. The budgeted activity costs for 2018 and their allocation bases are as follows: Table data Allocation Base Activity Materials handling Machine setup Insertion of parts Finishing Total Total Budgeted Cost $15,000 3,000 Number of parts Number of setups 52,000 75,000 $145,000 Number of parts Finishing direct labor hours expects to produce 500 chrome bumpers during the year. The bumpers are expected to use 1,000 parts, require 5 setups, and consume 3,000 hours of finishing time