Edgar Company manufactures wheel rims. The controller expects the following ABC allocation rates for 2018: Click the icon to view the allocation rates) Edgar produces two whoel rim models: standard and deluxe. Expocted data for 2018 are as follows: (Click the icon to view the expected data.) The company expects to produce 500 units of each model during the year. Read the recuirements Requirement 1. Compute the total ostimated indirect manufacturing cost for 2018. Begin by selecting the formula to compute the total estimated overhead (OH) costs. Tatal estimated overhead costs Predetermined overhead allacation rate Talal estimated qly of the allocation base 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 - Data table Data table Predetermined Overhead Allocation Rate Activity Allocation Base Standard Deluxe 5.0 Parts per rim Materials handling 8.0 Number of parts Number of setups Number of parts $8.00 per part 500.00 per setup 25.00 per part Machine setup 15.0 Setups per 500 rims 15.0 3.0 6.5 Insertion of parts Finishing Finishing hours per rim Total direct labor hours per rim 6.0 8.0 Number of finishing hours 60.00 per hour Print Done Print Done