(1) Product costing in an activity-based costing system [20-30 min] Elton Company manufactures wheel rims. The controller budgeted the following ABC allocation rates for 2012: The number of parts is now a feasible allocation base because Elton recently purchased bar coding technology. Elton produces two wheel rim models: standard and deluxe. Budgeted data for 2012 are as follows: The company expects to produce 500 units of each model during the year