- X Data Table Total Budgeted Activity Cost Allocation Base Materials handling $ 20,000 Number of parts Machine setup 2,200 Number of setups Insertion of parts 56,000 Number of parts Finishing 66,000 Finishing direct labor hours $ 144,200 Total Farragut expects to produce 500 chrome bumpers during the year. The bumpers are expected to use 2,500 parts, require 10 setups, and consume 3,000 hours of finishing time. ny com few con lucernandes process. Conger performance was handling met de weg. The budget any us torte y anter . 1200 ang 1 + . - 340 Bayram An F Farragut, Inc. uses activity-based costing to account for its chrome bumper manufacturing process. Company managers have identified four manufacturing activities: materials handling, machine setup, insertion of parts, and finishing. The budgeted activity costs for the year and their allocation bases are as follows: (Click the icon to view the budgeted costs and activity bases.) Read the requirements $ $ 10 $ $ $ 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 Estimated overhead costs Estimated qty of the allocation base = allocation rate Materials handling $ 20,000 2,500 8.00 Machine setup 2.200 220.00 Insertion of parts 56,000 2,500 22.40 Finishing 66,000 3,000 22.00 Requirement 2. Job 86 required the production of 130 bumpers and required one setup. Compute the indirect manufacturing cost allocated to Job 86. Begin by selecting the formula to allocate overhead (OH) costs. Predetermined OH allocation rate Expected qty of the allocation base used - Allocated mig overhead costs Job 86 required the production of 130 bumpers and required one setup. Compute the indirect manufacturing cost allocated to Job 86. (Round all amounts to the nearest cent.) Job 86: Allocated Mfg. OH Cost Materials handling Machine setup Insertion of parts Finishing Total mfg. OH costs 220