West Horizon 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: (Click the icon to view the budgeted costs and activity bases.) West Horizon expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 3,200 parts, require 25 setups, and consume 2,300 hours of finishing time. Job 420 used 100 parts, required 4 setups, and consumed 130 finishing hours. Job 510 used 425 parts, required 5 setups, and consumed 350 finishing hours. Read the requirements Requirement 1. Compute the cost allocation rate for each activity. First identify the formula, then compute the rate for each activity. Activity cost allocation rate / Total activity allocation base Total activity overhead (est.) 6400 Mat, handling = per part Mach setup 9000 per setup Insertion 54400 per part Finishing 89700 per hour Requirement 2. Compute the manufacturing overhead cost that should be assigned to Job 420. MOH Cost Activity Materials handling Machine setup Insertion of parts Finishing Total Requirement 3. Compute the manufacturing overhead cost that should be assigned to Job 510. MOH Cost Activity Materials handling Markina eshin Choose from any list or enter any number in the input fields and then continue to the next question. ? West Horizon 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: (Click the icon to view the budgeted costs and activity bases.) West Horizon expects to produce 1,000 chrome wheels during the year. The wheels are expected to use 3,200 parts, require 25 setups, and consume 2,300 hours of finishing time. Job 420 used 100 parts, required 4 setups, and consumed 130 finishing hours. Job 510 used 425 parts, required 5 setups, and consumed 350 finishing hours. Read the requirements Requirement 1. Compute the cost allocation rate for each activity. First identify the formula, then compute the rate for each activity. Activity cost allocation rate / Total activity allocation base Total activity overhead (est.) 6400 Mat, handling = per part Mach setup 9000 per setup Insertion 54400 per part Finishing 89700 per hour Requirement 2. Compute the manufacturing overhead cost that should be assigned to Job 420. MOH Cost Activity Materials handling Machine setup Insertion of parts Finishing Total Requirement 3. Compute the manufacturing overhead cost that should be assigned to Job 510. MOH Cost Activity Materials handling Markina eshin Choose from any list or enter any number in the input fields and then continue to the next