Elton Company manufactures wheel rims. The controller budgeted ABC allocation rates for 2024. Elton produces two wheel rim models: standard and deluxe. Budgeted data for 2024 are as follows: (Click the icon to view the 2024 allocation rates and budgeted data.) (Click the icon to view additional information, budgeted information and the deluxe unit cost calculation.) Controller Murray Bird is surprised by the Increase in cost of the deluxe model under ABC. He had a market research study conducted (Click the icon to view the results of the market research.) Would implementing the value engineering recommendation enable Elton to achieve its target cost for the deluxe rim? Begin by selecting the formula to allocate overhead (OH) costs. Then enter the amounts to calculate the revised finishing activity cost per rim. Actual qty of the allocation base usod Predetermined OH allocation rate Allocated mfg. overhead costs Data table x - x In 2025, Elton's managers used the same indirect manufacturing costs per wheel rim that they computed in 2024 using activity-based costing. In addition to the unit indirect manufacturing costs, the following data are expected for the company's standard and deluxe models for 2025. Data table Sales price Direct materials Direct labor Standard Deluxe $ 34.00 920.00 $1,18000 50.00 48.00 52.00 Quantity of Predetermined aliccation overhead allocation Allocated activity cost per rim Activity Materials handling Machine setup Insertion of parts Finishing Allocation Base Predetermined Overhead Allocation Rate Number of parts Number of setups Number of parts Number of finishing hours $6.00 per part 500.00 per setup 24.00 per part 60.00 per hour ADC cost per un base used x (Deluxe) Standard Deluxe Materials handling 4.0 x $ 6.00 $ 24.00 Parts per rim 3.0 4.0 Machine setups 0.028 x $ 500.00 - 14.00 Setups par 500 rims 14.0 14.0 Insertion of parts 4.0 x S 24.00- 96.00 Finishing hours per rim 20 3.5 Finishing direct labor hours 210.00 3.5 x S 50.00 = Total direct labor hours per rim 4.0 5.0 344.00 Total Print Done Print Done