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 2.000 hours of finishing time. Click the icon for completed job data) Read the requirements GE Requirement 1. Compute the cont allocation rate for each activity. First identify the formula, then compute the rate for each activity Activity cost allocation rate Activity Materials handling Machine setup Insertion of parts ..... Total Budgeted Manufacturing Overhead Cost Allocation Base 12,000 Number of parts 3,400 Number of setups 48,000 Number of parts 80,000 Finishing direct labor hours $ 143,400 --- Finishing Total.. Job 420 used 150 parts, required 3 setups, and consumed 140 finishing hours. Job 510 used 450 parts, required 5 setups, and consumed 340 finishing hours. data.) Read the requirements. Requirements 1. Compute the cost allocation rate for each activity. 2. Compute the manufacturing overhead cost that should be assigned to Job 420. 3. Compute the manufacturing overhead cost that should be assigned to Job 510. (Click the icon to view the data.) Requirement 1. Compute the cost allocation rate for each activity. First identify the formula, the + Total activity allocation base Total activity overhead (est.) Total assets Total hours Total liabilities Total owners' equity Total plantwide overhead Help me sol p . Total revenues