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please answer the followinf question 6. Fortune, Inc., uses activity-based costing to account for its chrome bumper manufacturing process. Company managers have identified four manufacturing

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6. Fortune, Inc., uses activity-based costing to account for its chrome bumper manufacturing process. Company managers have identified four manufacturing activities: materials handling, machine setup, insertion of parts, and finishing. The budgeted activity costs for 2018 and their allocation bases are as follows: Activity Budgeted Cost Allocation Base Materials handling 6,000 Number of parts Machine setup 3,300 Number of setups Insertion of parts 40,000 Number of parts Finishing 82,000 Finishing direct labor hours Fortune expects to produce 500 chrome bumpers during the year. The bumpers are expected to use 2,000 parts, require 15 setups, and consume 1,000 hours of finishing time Compute the cost allocation rate for each activity

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