Frances Company uses ABC to acoount for its chrome wheel manutacturing process. Company manogers have idensfied four manufacturing activities that incur manutacturing overtiead costs maverials handling. machine setup, insertion of parts, and finishing. The budgeted activity costs for the upcoming year and their allocation bases are as follows: (Click the icon to view the data) Frances Company expects to produce 1,000 chrome wheets during the year. The whoels are expected to use 2,800 parts, require 20 sotups, and consume 2,200 hours of frishing time (Clich the icon for compleled job dath.) Requirement 1. Compute the cost allocation raty far each activity. First identily the formula, then compute the rate for each actwity. Data table More info Job 420 used 100 parts, required 5 setups, and consumed 120 finishing hours. Job 510 used 400 parts, required 6 setups, and consumed 350 finishing hours. 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