Edgar Company manufactures wheel rims The controller expects the following ABC allocation rates for 2024 EED (Click the icon to view the allocation rates) Edgar produces two wheel rim models standard and deluxe Expected data for 2024 are as follows EE (Click the icon to view the expected data ) Materials handling Machine setup Insertion of parts Finishing Allocation Base Number of parts Number of setups Number of parts Number of finishing hours Predetermined Overhead Allocation Rate $6.00 per part 500.00 per setup 27.00 per part 30.00 per hour 1. Compute the total estimated indirect manufacturing cost for 2024. 2. Prior to 2024, Edgar used a single plantwide overhead allocation rate syste with direct labor hours as the allocation base. Compute the predetermined overhead allocation rate based on direct labor hours for 2024. Use this rate 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 2024. Carry each cost per unit to the nearest cent. Parts per rim Setups per 500 rims Finishing hours per rim Total direct labor hours per rim Deluxe 9.0 17.0 16.5 8.0