Frederick, Inc. uses activity based costing to account for its chrome bumper manufacturing process Company managers have densified four manufacturing activities manting machine setup, Insertion of parts, and finishing. The budgeted activity costs for the year and their location bases are as follows: m Click the icon to view the budgeted costs and activity b) Read the requirements Requirement 1. Compute the predetermined overhead allocation rate for each activity Begin by selecting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each activity and your to the nearest cont.) Predetermined OH i Data Table Total Budgeted Activity Cost Allocation Base Materials handling $ 20,000 Number of parts Machine setup 2,200 Number of setups Insertion of parts 48,000 Number of parts 75,000 Finishing Finishing direct labor hours $ 145,200 Total Frederick expects to produce 500 chrome bumpers during the year. The bumpers are Print Done $ Activity Cost Allocation Base Materials handling 20,000 Number of parts Machine setup 2,200 Number of setups Insertion of parts 48,000 Number of parts Finishing 75,000 Finishing direct labor hours $ 145,200 Total Frederick expects to produce 500 chrome bumpers during the year. The bumpers are expected to use 2,000 parts, require 5 setups, and consume 2,500 hours of finishing time. 1. Compute the predetermined overhead allocation rate for each activity. 2. Job 86 required the production of 180 bumpers and required one setup. Compute the indirect manufacturing cost allocated to Job 86. Print Done Requirement compute me pretermined over agacanon rate for each activity Begin by selecting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the location rate for each adivity (Round your to the nearest cont) Predetermined OH allocation rate