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 data.). West Horizon expects to produce 1,000 chrome wheels during the year The wheels are expected to use 3,000 parts, require 10 setups, and consume 1,500 hours of finishing time (Click the icon for completed job data) Read the requirements Requirement 1. Compute the cost allocation rate for each activity. First identify the formula, then More infor Mat, handling Total activity overhead (est) 9.000 Total activity allocation base 3.000 Job 420 used 300 parts, required 5 setups, and consumad 100 finishing hours Job 510 used 500 parts, required 6 setups and consumed 330 finishing hours. Mach setup $ 3,500 10 Insertion S 45,000 3,000 78,000 Finishing Requirement 2. Compute the manufacturing overhead cost that should be assigned to Job 420 1,500 Print Done Activity Materials handling Machine setup Insertion of parts Finishing Total MOH Cost 900 Data table Activity Total Budgeted Manufacturing Overhead Cost Materials handling.....S Machine setup Insertion of parts Allocation Base 9,000 Number of parts 3.500 Number of setups 45.000 Number of parts 78.000 Help me solve this Video Get m Finishing.. Finishing direct tabor hours Final check 135,500 Total