Easton Company manufactures wheel rims. The controller expects the following ABC allocation rates for 2018: The company expects to produce 500 units of each model during the year. Read the requirements. EEB(Click the icon to view the allocation rates.) Easton produces two wheel rim models: standard and deluxe. Expected data for 2018 are as follows: EE(Click the icon to view the expected data.) Predetermined Overhead Activity Allocation Base Allocation Rate Materials handling Number of parts 7.00 per part Machine setup Number of setups 700.00 per setup 23.00 per part Number of parts Insertion of parts Finishing Number of finishing hours 60.00 per hour i Data Table Standard Deluxe Parts per rim 6.0 10.0 12.0 Setups per 500 rims 12.0 2.0 4.5 Finishing hours per rim Total direct labor hours per rim 4.0 5.0 Print Done X Now compute the total estimated indirect manufacturing cost for 2018. Total Estimated Activity Indirect Manufacturing Cost 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 ach 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