Score: 0 of 3 pts 7 of 8 (6 complete) HW Score: 35%, 7 of 20 pts E4-20A (similar to) E Question Help Frances Company 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: EEB (Click the icon to view the budgeted costs and activity bases.) Frances Company expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 3,000 parts, require 20 setups, and consume 2,000 hours of finishing time. Job 420 used 150 parts, required 2 setups, and consumed 100 finishing hours. Job 510 used 475 parts, required 5 setups, and consumed 310 finishing hours. Read the requirements. Data Table Requirement 1. Compute the cost allccation rate for each activity. First identify the formula, th Requirements Total Budgeted Manufacturing Overhead Cost Activity Materials handling Machine setup Insertion of parts. Allocation Base 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 S 6,000 Number of parts 3,200 Number of setups Number of parts Finishing direct labor hours 42,000 Print Done S 125,200 Total PrintDone