e: 0.58 of 2 pts HW Score: 87.53%, 10 5 Or 0to completey E19-20 (similar to) Question Help Me Solve This ar Company manufactures wheel ris Click the icon to viethe allocation r ar produces two wheet rim models: st Click the icon to view the expected Question Help Empire Company manufactures wheel rims. The controller expects The company expects to produce 500 units of each model during the following ABC allocation rates for 2018 (Clickthe Iconto vienr the allocation rates.) tivity the year handling Read the requirements Empire produces two wheel rim models standard and deluxe Expected data for 2018 are as fallows EE (Click the icon to view the expected data ) setup sertion of parts inishing estimated indirect manu Requirement 2. Prior to 2018, Empire used a single plantwide overhead allocation rate system with direct labor hours as the allocation base Compute the predets the estimated indirect manufacturing Requirement 2. Prior to 2018 Edgar used this rate to determine the Total direct labor hours per standard rim Total direct labor hours per deluxe rim) x Total number of rims produced estima alculate this amoun by com le ng t're imuertretu r me estimatetru uerut Uranu a UIT uase sui titar um teruru recre Ur hours used to produce both models. To determing the total direct labor hours add the per unit diroct labor hour for each model and multiply by the total units produced (Round your an to the nearest cent) First select the formula and then enter the Definition Enter any number in the edit fields and then click Check Answer Skip Ahead pats Clear Al Check Answer Close 5. Edmund Company manufactures expects the following ABC allocation rates for 2018: (Click the icon to view the allocation rates.) The company expects to produce 500 units of each model wheel rims. The controller during the year. wheel rim models: standard and Read the requirements deluxe. Expected data for 2018 are as follows: (Click the icon to view the expected data.) 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 = estimated qty of the allocation base Total Predetermined overhead allocation ratex Now compute the total estimated indirect manufacturing cost for 2018. Total Estimated Indirect Manufacturing Cost Activity 37,500 Materials handling 6,000 Machine setup 180,000 Insertion of parts 157,500 Finishing 381,000 Total estimated indirect manufacturing cost Requirement 2. Prior to 2018, Edmund used a single plantwide overhead allocation rate system with direct labor hours as the allocation base. Compute the predetermined overhead allocation rate based on to determine the estimated indirect manufacturing cost per direct labor hours for 2018. Use this rate wheel rim for each model, to the nearest cent First, select the formula, and then enter the amounts to compute the allocation rate. (2) Estimated gty of the allocation base Allocation rate (1) Estimated overhead costs 381000 allocation rate to determine the indirect manufacturing cost per wheel rim for each model, to the to Use the single plantwide 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 Mig Activity OH Cost Per Rim OH Cost Per Rim Deluxe Materials handling Machine setup Insertion of parts Finishing Total indirect cost per rim 1: Data Table Predetermined Overhead Allocation Rate Activity Allocation Base $ 5.00 per part Materials handling Number of parts 200.00 per setup Machine setup Number of setups 24.00 per part Insertion of parts Number of parts 30.00 per hour Number of finishing hours 2: Data Table Standard Deluxe 8.0 7.0 Parts per rim 15.0 15.0 Setups per 500 rims 4.0 6.5 Finishing hours per rim 8.0 7.0 Total direct labor hours per rim 3: Requirements 1. Compute the total estimated indirect manufacturing cost for 2018. 2. Prior to 2018, Edmund 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 O Estimated qty of the allocation base O Actual overhead costs O Actual qty of the allocation base used O Estimated overhead costs O Estimated qty of the allocation base (2) O O Actual overhead costs O Actual qty of the allocation base used O Estimated overhead costs E19-20 (similar to dala Elack the toon to vow the expected data ) O Type here to 700n 5 of 10(10 complete) Score: 0.58 of 2 pts E19-20 (similar to) ements 2018 cost for 2018 Compute the total estimated indirect 2. Prior to 2018, Edgr used a single pla nhwide overhoad allocation rate systom base. Compute the Edgar produces two whoel rim models: standard and delaxe Expected data for 2018 are as follo overhead alocation rate based on direct labor hours for 2018 Use this rate to model, to the nearest cent 3. based o Data Table Allocation Rate 200 per part 800.00 per setup 24.00 por part 60.00 per hour Number of setups Insertion of parts Number of parts 8.0 Parts per tim 50 120 120 Setups per 500 ri Finishing hours per rim 30 6.5 Print Done Total direct tabor hours per im 6.0 E19-20 (similar to) Edgar 156,000 285.000 Score: 0.58 of 2 pts 5 of 10 (10 E19-20 (similar to) 56.000 285000 Firishing for each model, to the nearost cent cost per whoel ri Clear Al e: 0.58 of 2 pts HW Score: 87.53%, 10 5 Or 0to completey E19-20 (similar to) Question Help Me Solve This ar Company manufactures wheel ris Click the icon to viethe allocation r ar produces two wheet rim models: st Click the icon to view the expected Question Help Empire Company manufactures wheel rims. The controller expects The company expects to produce 500 units of each model during the following ABC allocation rates for 2018 (Clickthe Iconto vienr the allocation rates.) tivity the year handling Read the requirements Empire produces two wheel rim models standard and deluxe Expected data for 2018 are as fallows EE (Click the icon to view the expected data ) setup sertion of parts inishing estimated indirect manu Requirement 2. Prior to 2018, Empire used a single plantwide overhead allocation rate system with direct labor hours as the allocation base Compute the predets the estimated indirect manufacturing Requirement 2. Prior to 2018 Edgar used this rate to determine the Total direct labor hours per standard rim Total direct labor hours per deluxe rim) x Total number of rims produced estima alculate this amoun by com le ng t're imuertretu r me estimatetru uerut Uranu a UIT uase sui titar um teruru recre Ur hours used to produce both models. To determing the total direct labor hours add the per unit diroct labor hour for each model and multiply by the total units produced (Round your an to the nearest cent) First select the formula and then enter the Definition Enter any number in the edit fields and then click Check Answer Skip Ahead pats Clear Al Check Answer Close 5. Edmund Company manufactures expects the following ABC allocation rates for 2018: (Click the icon to view the allocation rates.) The company expects to produce 500 units of each model wheel rims. The controller during the year. wheel rim models: standard and Read the requirements deluxe. Expected data for 2018 are as follows: (Click the icon to view the expected data.) 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 = estimated qty of the allocation base Total Predetermined overhead allocation ratex Now compute the total estimated indirect manufacturing cost for 2018. Total Estimated Indirect Manufacturing Cost Activity 37,500 Materials handling 6,000 Machine setup 180,000 Insertion of parts 157,500 Finishing 381,000 Total estimated indirect manufacturing cost Requirement 2. Prior to 2018, Edmund used a single plantwide overhead allocation rate system with direct labor hours as the allocation base. Compute the predetermined overhead allocation rate based on to determine the estimated indirect manufacturing cost per direct labor hours for 2018. Use this rate wheel rim for each model, to the nearest cent First, select the formula, and then enter the amounts to compute the allocation rate. (2) Estimated gty of the allocation base Allocation rate (1) Estimated overhead costs 381000 allocation rate to determine the indirect manufacturing cost per wheel rim for each model, to the to Use the single plantwide 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 Mig Activity OH Cost Per Rim OH Cost Per Rim Deluxe Materials handling Machine setup Insertion of parts Finishing Total indirect cost per rim 1: Data Table Predetermined Overhead Allocation Rate Activity Allocation Base $ 5.00 per part Materials handling Number of parts 200.00 per setup Machine setup Number of setups 24.00 per part Insertion of parts Number of parts 30.00 per hour Number of finishing hours 2: Data Table Standard Deluxe 8.0 7.0 Parts per rim 15.0 15.0 Setups per 500 rims 4.0 6.5 Finishing hours per rim 8.0 7.0 Total direct labor hours per rim 3: Requirements 1. Compute the total estimated indirect manufacturing cost for 2018. 2. Prior to 2018, Edmund 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 O Estimated qty of the allocation base O Actual overhead costs O Actual qty of the allocation base used O Estimated overhead costs O Estimated qty of the allocation base (2) O O Actual overhead costs O Actual qty of the allocation base used O Estimated overhead costs E19-20 (similar to dala Elack the toon to vow the expected data ) O Type here to 700n 5 of 10(10 complete) Score: 0.58 of 2 pts E19-20 (similar to) ements 2018 cost for 2018 Compute the total estimated indirect 2. Prior to 2018, Edgr used a single pla nhwide overhoad allocation rate systom base. Compute the Edgar produces two whoel rim models: standard and delaxe Expected data for 2018 are as follo overhead alocation rate based on direct labor hours for 2018 Use this rate to model, to the nearest cent 3. based o Data Table Allocation Rate 200 per part 800.00 per setup 24.00 por part 60.00 per hour Number of setups Insertion of parts Number of parts 8.0 Parts per tim 50 120 120 Setups per 500 ri Finishing hours per rim 30 6.5 Print Done Total direct tabor hours per im 6.0 E19-20 (similar to) Edgar 156,000 285.000 Score: 0.58 of 2 pts 5 of 10 (10 E19-20 (similar to) 56.000 285000 Firishing for each model, to the nearost cent cost per whoel ri Clear Al