E4-25A (similar to) Several years after reengineering its production process, King Corporation hired a new controller, Tammy English. (Click the icon to view additional information.) For the upcoming year, King's budgeted ABC manufacturing overhead allocation rates are as follows: E(Click the icon to view the additional data.) R Requirement 1. Compute the total budgeted manufacturing overhead cost for the upcoming year. (Enter the rates to two decin King Corporation More Info Total Budgeted Indirect Manufacturing Costy Total Budgeted Budgeted Quantity of Activity Cost She developed an AB Part of the reason Eng had been declining eve Activity Indirect Cost Cost Allocation Base Allocation Rate 14,000 S 5.50 $ Materials handing 77,000 the product that had ap adopting the new ABC based on direct labor h Machine setups 40 325.00 13,000 Insertion of parts 14.000 24.00 336,000 228,000 Finishing 4.000 57.00 654,000 Total budgeted indirect cost Requirement 2. Compute the manufacturing overhead cost per wheel of each model using ABC. (Round the cost allocation base King Corporation ABC Indirect Manufacturing Cost per Unit Cost Quantity of Cost Allocation Allocated Activity Activity Allocation Rate Base Used By: Cost Per Wheel Standard Deluxe Standard Deluxe Enter any number in the edit fields and then click Check Answer 2 parts remaining Clear All MacBook Prc esc 000 F1 F2 F3 888888 F4 FS FA $ 2 3 4 5 6 after reengineering its production process, King Corporation hired a new controller. Tammy English con to view additional information) The number of parts is now a feasible allocation base because King recently installed a p King produces two wheel models: Standard and Deluxe. Budgeted data for the upooming (Click the icon to view the additional data.) ng year, King's budgeted ABC manufacturing overhead allocation rates are as follows: con to view the additional data.) Read the requirements . Compute the total budgeted manufacturing overhead cost for the upcoming year. (Enter the rates to two decimal places.) King Corporation i More Info Data Table She developed an ABC system very similar to the one used by King's chief rival. Part of the reason English developed the ABC system was because King's profits had been declining even though the company had shifted its product mix toward the product that had appeared most profitable under the old system. Before adopting the new ABC system, the company had used a plantwide overhead rate based on direct labor hours that was developed years ago. vit in Standard Deluxe Parts per wheel 6.0 8.0 ts Setups per 1,000 wheels 20.0 20.0 Finishing direct labor hours per wheel.. 1,0 3.0 i Data Table in Total direct labor hours per wheel 2.6 3.4 , d The company's managers expect to produce 1,000 units of each model during the year tound the cost allocation base Activity Cost Activity Allocation Base Allocation Rate Print Done cated Activity Materials handling Number of parts 5.50 per part Activity Allocation Rate Base Used By Cost Per Wheel Machine setup Number of setups S 325.00 per setup Standard Deluxe Standard Deluxe Insertion of parts Number of parts S 24.00 per part Finishing Finishing direct labor hours $ 57.00 per hour ber in the edit fields and then click Check Answer Clear All Print Done MacBook Pro 30 Materials handling 14,000 $ 5.50 $ 77,000 Machine setups 40 325.00 13,000 Insertion of parts 14,000 24.00 336,000 Finishing 4,000 57.00 228,000 654,000 Total budgeted indirect cost Requirement 2. Compute the manufacturing overhead cost per wheel of each model using ABC. (Round the cost allocation base to three decimals and King Corporation ABC Indirect Manufacturing Cost per Unit Data Ta Cost Quantity of Cost Allocation Allocated Activity Activity Allocation Rate Base Used By: Cost Per Wheel Standard Deluxe Standard Deluxe Materials handling Parts per w Machine setup Setups per Insertion of parts Finishing dir Finishing Total direct Total ABC allocated indirect cost The comp Enter any number in the edit fields and then click Check Answer. parts Clear All 2 remaining MacBook Pro Materials handling 14,000 $ 5.50 $ 77,000 achine setups 40 325.00 13,000 nsertion of parts 14,000 24.00 336,000 Pinishing 4,000 57.00 228.000 Total budgeted indirect cost 654,000 Requirement 2. Compute the manufacturing overhead cost per wheel of each model using ABC. (Round the cost allocation base to three decimals and cost per wheel to the nearest cent.) King Corporation ABC Indirect Manufacturing Cost per Unit Cost Quantity of Cost Allocation Allocated Activity Activity Allocation Rate Base Used By Cost Per Wheel Standard Deluxe Standard Deluxe Materials handling Machine setup Insertion of parts Finishing Total ABC allocated indirect cost Enter any number in the edit fields and then click Che Answer 2 parts remaining Clear All MacBook Pro 000 sC F2 F3 4 F5 FO FB # % & 1 2 3 4 6 7 0