K Fortunado, Inc. uses activity-based costing to account for its chrome bumper manufacturing process. Company managers have identified four manufacturing activ materials handling, machine setup, insertion of parts, and finishing. The budgeted activity costs for the year and their allocation bases are as follows (Click the icon to view the budgeted costs and activity bases.) Read the requirements Data table Activity Total Budgeted Cost Allocation Base Materials handling S Machine setup Insertion of parts 3.000 Number of parts 2,700 Number of setups 54,000 Number of parts Finishing Total 84,000 143,700 Finishing direct labor hours Fortunado expects to produce 500 chrome bumpers during the year. The bumpers are expected to use 1,000 parts, require 10 setups, and consume 1,000 hours of finishing time. X Requirements 1. Compute the predetermined overhead allocation rate for each activity 2. Job 86 required the production of 200 bumpers and required one setup Compute the indirect manufacturing cost allocated to Job 86 Print Done