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Farragut, Ine. uses activity-based costing to account for its chrome bumper manufacturing process. Company managers have identfied four manufacturing activibes: materials handling, machine setup, insertion of parts, and finishing. The budgoted activily costs for the yoar and their allocation bases are as follows: (Cick the icon to view the budgeved costs and activity bases.) Read the cecuitements Requirement 1. Computa the predotemined ovachead alocation rate for each activity. Aegin by selecting the lormula to calculate the predetermined overhead (OH) allocation cate. Then enter the amounts to compute the alocabion rate for each activity. (Riound your anawers to the nearest cent.) Data table Requirements 1. Compute the predetormined weinead allocation rate for each activity. 2. Job 60 requred the producton of 120 bumpers and required one wotup. Compute the indroct manufacturing cost alocated to Job es. Farragut Inc, uses activit-based costing to account for its chreme bumper manufacturing process, Company managers have identifed four manufacturng activites:- materias handing. machine sotup, insertion of parts, and finishing. The budgetod activity costs for the year and their allocation bases are as follows: I7: (Cick the icon to vew the budgeted costs and actitity bases.) Read the reaulremshts: Requirement 1. Compute the predetemained overhead alocation rate for each activity Begin by selecting the formula to caiculate the predetermined ovechead (OH) alocation tate. Then enver the amounts to compute the alocation rate for each ectivly iRound your antwars to ifie neareat cant) Requirements 1. Compute the predetermined overhead allocation rate for each activity. 2. Job 86 required the production of 120 bumpers and required one setup. Compute the indirect manufacturing cost allocated to Job 86 . Data table Fi expected to use 2,000 parts, require. 5 setups, and uuy wie year. ine dumpers are time