Compute the total estimated indirect manufacturing cost for 2018. 1. 2. Prior to 2018, Easton used a single plantwide overhead allocation rate system with direct labor hours as the allocation base. Compute the predetermined overhead allocation rate based on direct labor hours for 2018. Use this rate to determine the estimated indirect manufacturing cost per wheel rim for each model, to the nearest cent. 3. Compute the estimated ABC indirect manufacturing cost per unit of each model for 2018. Carry each cost to the nearest cent. Predetermined Overhead Activity Allocation Base Allocation Rate Materials handling Number of parts 7.00 per part 700.00 per setup Machine setup Number of setups Number of parts 23.00 per part Insertion of parts Finishing Number of finishing hours 60.00 per hour Deluxe Standard Parts per rim 6.0 10.0 12.0 12.0 Setups per 500 rims 2.0 4.5 Finishing hours per rim Total direct labor hours per rim 4.0 5.0 Requirement 1. Compute the total estimated indirect manufacturing cost for 2018. Begin by selecting the formula to compute the total estimated overhead (OH) costs. Total estimated overhead costs X Now compute the total estimated indirect manufacturing cost for 2018. Now compute the total estimated indirect manufacturing cost for 2018 Total Estimated Indirect Manufacturing Cost Activity Materials handling Machine setup Insertion of parts Finishing Total estimated indirect manufacturing cost Requirement 2. Prior to 2018, Easton used a single plantwide overhead allocation rate system with direct labor hours as the allocation base. Compute the predetermined overhead allocation rate based on direct labor hours for 2018. Use this rate to determine the estimated indirect manufacturing cost per wheel rim for each model, to the nearest cent. First, select the formula, and then enter the amounts to compute the allocation rate. Allocation rate Use the single plantwide allocation rate to determine the indirect manufacturing cost per wheel rim for each model, to the nearest cent. Indirect manufacturing cost per rim: Standard model: Deluxe model: Requirement 3. Compute the estimated ABC indirect manufacturing cost per unit of each model for 2018. Carry each cost to the nearest cent. Compute the costs per unit for the standard model first, then the deluxe model. (Carry the setup cost per rim to three decimal places. Round your final answers to the nearest cent.) Allocated Mfg. Allocated Mfg. Activity OH Cost Per Rim OH Cost Per Rim Standard Deluxe Materials hand ling Machine setup Insertion of parts Finishing Total indirect cost per rim Choose from any list or enter any number in the input fields and then continue to the next