Frances Company uses ABC to account for its chrome wheel manufacturing process. Company managers have identified for manufacturing activities that incurred manufacturing overhead costs: materials handling, machine set up, insertion of parts, and finishing. Budgeted activity costs for the upcoming year and their allocation bases are as follows:

Requirement 1. Compute the cost allocation rate for each activity First identify the formula, then compute the rate for each activity. More info Job 420 used 250 parts, required 5 setups, and consumed 100 finishing hours. Job 510 used 400 parts, required 6 setups, and consumed 320 finishing hours. Data table Requirements 1. Compute the cost allocation rate for each activity. 2. Compute the manufacturing overhead cost that should be assigned to Job 420. 3. Compute the manufacturing overhead cost that should be assigned to Job 510