Frederick Company uses ABC to account for its chrome wheel manufacturing process. Company managers have identified four manufacturing activities that incur manufacturing overhead costs: materials 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 budgeted costs and activity bases.) 10 23 Total Budgeted Manufacturing Overhead Cost Allocation Base $ 9,000 Activity Materials handling Machine setup Insertion of parts. Finishing 3,500 Number of parts Number of setups Number of parts 45.000 78,000 Finishing direct labor hours Total $ 135,500 ll suon nap BIRU KURIUO VIEW WIRTUJUI LUSS GUGLIVIA) Frederick Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 3,000 parts, require 10 setups, and consume 1,500 hours of finishing time Job 420 used 200 parts, required 5 setups, and consumed 100 finishing hours Job 510 used 500 parts, required 6 setups, and consumed 330 finishing hours 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