Central Pain 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: m (Click the icon to view the budgeted costs and activity bases.) Central Plain expects to produce 1000 chrome wheels during the year. The wheels are expected to use 3,000 parts, require 10 setups, and consume 2,000 hours of finishing time. Job 420 used 100 parts, required 5 setups, and consumed 110 finishing hours Job 510 used 450 parts, required setups, and consumed 320 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 Total activity overhead (est.) / Total activity allocation base Mat handling Activity cost allocation rate per part per setup per part per hour Mach setup Insertion Finishing Data Table Total Budgeted Manufacturing Activity Overhead Cost $ Materials handling .... Machine setup Insertion of parts Finishing. gove Allocation Base Number of parts Number of setups Number of parts Finishing direct labor hours 12,000 3,400 48,000 80,000 143,400 Total ..... $ Print Done