Frederick, Inc. uses activity-based costing to account for its chrome bumper manufacturing process. Company managers have identified four manufacturing activities: materials handling, machine setup, insertion of parts, and finishing. The budgeted activity costs for 2018 and their allocation bases are as follows: (on picture)

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. (Round your answers to the nearest cent.)

- allocation rate Materials handling Machine setup Insertion of parts Finishing Requirement 2. Compute the expected indirect manufacturing cost of each bumper. Begin by selecting the formula to allocate overhead (OH) costs. Data Table -Allocated mfg. overhead costs Activity Materials handling Machine setup Insertion of parts Finishing Total Total Budgeted Cost Allocation Base Number of parts Number of setups Number of parts Finishing direct labor hours Now compute the expected indirect manufacturing cost of each bumper. (Round the cost per bumper to the nearest cent.) 16,000 2,200 60,000 84,000 162,200 Allocated Mfg. OH Cost Materials handling Machine setup Insertion of parts Finishing Total mfg. OH costs Number of bumpers Mfg. OH cost per bumper Frederick expects to produce 500 chrome bumpers during the year. The bumpers are expected to use 1,000 parts, require 10 setups, and consume 3,000 hours of finishing time Print Done Choose from any list or enter any number in the input fields and then continue to the next