Homework: Chapter 4 Homework (Sp 22) Question 3, E4-22A (similar to) Famington Company uses ABC to account for its cheome wheel manufacturing process. Company managers have identified four manufacturing activities that incur manufacturing overhead costs: materiais handing, machine sup 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) HW Score: 40%, 1.6 of 4 points O Points: 0 of 1 Save Farington Company expects to produce 1000 chrome wheels during the year. The wheexpected to 2.700 parts, require 10 setups, and consume 1.800 hours of freshing time (Click the icon for completed job dala) Requirement 1. Compute the cost allocation rate for each activity. First identify the formula, then compute the rate for each activity Activity cal alocation rate More info Job 420 used 150 parts, required 4 setups, and consumed 110ishing hous Job 550 used 500 parts, required setups, and consumed 340ishing hous He Data table x Print Done Activity Materials handling Total Budgeted Manufacturing Overhead Coet Allocation Bas Machine setup Insertion of parts. 13,500 Number of parts 4.000 Number of setups 48,600 Number of parts Finishing Total 82.800 Finishing direct labor hours 148.900 Requirements 1.Compute the cost alocation rate for each ty 2.Compule the manufacturing overhead cost that should be assigned to 3.Compule the manufacturing overhead cost that should be assigned to Jab 510 Print Done Print Done Clear all Check answer