math 2218_ACCT225_05 Question 4, E4-20A Part 1 of 7 3 Homework: Chapter 4 Homework (GRADED) Cent requi Central 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 setup, 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) Read Requirement 1. Compute the cost allocation rate for each activity. First identify the formula, then compute the rate for each activity Activity cost allocation rate E4-20A (simil... t 1 of 7 HW Score: 0%, 0 of 6 points O Points: 0 of 3 Save Central Plain expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 3,300 parts, require 20 setups, and consume 2,100 hours of finishing time. Click the icon for completed job data.) Read the requirements each activity Data Table Total Budgeted Manufacturing Overhead Cost Activity Allocation Base $ . Materials handling Machine setup Insertion of parts 13,200 Number of parts 5,200 Number of setups 49,500 Number of parts 86.100 Finishing direct labor hours 154,000 Finishing S Total... Print Done - X More Info Job 420 used 250 parts, required 5 setups, and consumed 110 finishing hours. Job 510 used 500 parts, required 6 setups, and consumed 340 finishing hours. * Print Done