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Elton Company manufactures wheel rims. The controller expects the following ABC allocation rates for 2024: (Click the icon to view the allocation rates.) Elton produces
Elton Company manufactures wheel rims. The controller expects the following ABC allocation rates for 2024: (Click the icon to view the allocation rates.) Elton produces two wheel rim models: standard and deluxe. Expected data for 2024 are as followany expects to produce 500 units of each model during the year. (Click the icon to view the expected data.) Data table Requirements 1. Compute the total estimated indirect manufacturing cost for 2024. 2. Prior to 2024 , Elton 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 2024 . Use this rate to 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
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