Question E4-20A (similar to) Franklin Company nes ABC to account for a chrome wheel manfacturing process. Company managers have sertified four martacturing cavities that hour manutacturing overhead contes materiais handing machine setup, insa parts, and finishing. The budgeted activity costs for the upcoming year and their location bases are as follows: Click the loon to the budgeted costs and activity) Franklin Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 2.750 parts, require 15 stupe, and consume 1.700 hours of finishing time. Job 420 wed 250 parts, required 3 setups, and consumed 110 finishing hours Job 510 e 400 pris, required ups, and consumed 310 finishing hours Requirement Compute the cost allocation rate for each activity. First identity the formula then compute the rate for each activity Accost Tovy overhead st) Total activity allocation base actionate I per part i Data Table er Total Budgeted Manufacturing Overhead Cost tivi Allocation Base $ 11,000 Activity Materials handling Machine setup Insertion of parts 3,600 Number of parts Number of setups Number of parts 44,000 76,500 Finishing Finishing direct labor hours $ 135,100 Total Print Done i 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. Print Done