Requirement 1. Compute the predetermined overhead allocation rate for each activity Begin by selecting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each activity. (Round your answers to the nearest cent.) Predetermined OH allocation rate * Data Table Materials handling Machine setup Insertion of parts Activity Total Budgeted Cost Allocation Base Finishing Requirement 2. Compute the expected indirect manufacturing cost of each bumper. Begin by selecting the formula to allocate overhead (OH) costs. Materials handling 12,000 Number of parts Machine setup 3,100 Number of setups Insertion of parts 42,000 Number of parts 86,000 Finishing Finishing direct labor hours 143,100 Total Franklin expects to produce 500 chrome bumpers during the year. The bumpers are expected to use 4,000 parts, require 10 setups, and consume 1,000 hours of finishing = Allocated mfg. overhead costs Now compute the expected indirect manufacturing cost of each bumper. (Round the cost per bumper to the nearest cent.) Allocated Mfg. OH Cost time. Materials handling Machine setup Print Done Insertion of parts Finishing Total mfg. OH costs Number of bumpers Mfg. OH cost per bumper