Frances Company uses ABC to account for its chrome wheel manufacturing process. Company managors have identified four manufacturing activitlos that Frances Company expects to produce 1,000 chrome wheels during the incur manufacturing overhead costs: materials handling, machine setup, Insertion year. The wheels are expected to use 3,000 parts, require 20 setups, and of parts, and finishing. The budgeted activity costs for the upcoming year and their consume 2,000 hours of finishing time. allocation bases are as follows: (i) (Click the icon for compleled job data.) IB (Click the icon to view the data.) Read the requirements. Requirement 1. Compute the cost allocation rate for each activity. First identify the formula, then compute the rate for each activity. Requirement 2. Compute the manufacturing overhead cost that should be assigned to Job 420. Requirement 3. Compute the manufacturing overhead cost that should be assigned to Job 510. 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 . More info Job 420 used 200 parts, required 2 setups, and consumed 140 finishing hours. Job 510 used 400 parts, required 5 setups, and consumed 340 finishing hours. Data table