Northstar 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.) Northstar expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 3,000 parts, require 10 setups, and consume 1,500 hours of finishing time. (Click the icon for completed job data.) Read the requirements. Requirement 1. Compute the cost allocation rate for each activity. First identify the formula, then compute the rate for each activity. Data table Activity Total Budgeted Manufacturing Overhead Cost Allocation Base 9,000 Number of parts 3,500 Number of setups 45,000 Number of parts $ 78,000 135,500 Finishing direct labor hours Activity cost allocation rate Materials handling ..... $ Mat. handling per part Machine setup Mach setup + per setup Insertion of parts Insertion per part Finishing. Finishing per hour Total. Requirement 2. Compute the manufacturing overhead cost that should be assigned to Job 420. Activity MOH Cost Materials handling Machine setup Insertion of parts Finishing Total Requirement 3. Compute the manufacturing overhead cost that should be assigned to Job 510. Activity Materials handling MOH Cost Machine setup Insertion of parts Finishing Total More info Job 420 used 250 parts, required 2 setups, and consumed 150 finishing hours. Job 510 used 475 parts, required 4 setups, and consumed 340 finishing hours. Print Done