Great Plain 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 set-up, insertion of parts, and finishing. The budgeted activity costs for the upcoming year and their allocation bases are as follows: Great Plain expects to produce 1,000 chrome wheels during the vear. The wheels are expected to use 2,900 parts, require 22 set ups, and consume 2, s00 hours of finishing time. Job 400 used 260 parts, required 3 set-ups, and consumed 130 finithing hours. Job 450 used 485 parts, reguired 6 set -ups, and conwmed 300 finithing hourk Mequirements 1 Compute the cost allocation rate for each activity. 2 Compute the MOH cost that should be asianed to lob 400 . 3 Compute the MOH cost that should be asigned to lob 450