Empire Company manufactures wheel rims. The controller expects the following ABC allocation rates for $2024($Click the icon to view the allocation rates.$)$

Empire produces two wheel rim models: standard and deluxe. Expected data for $2024$ 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 requirements

Data table

$\backslash$table$[[$Activity$,$Allocation Base,$\backslash$table$[[$Predetermined Overhead$],[$Allocation$]]],[$Materials handling,Number of parts,$$8\mathrm{.}00$ per part$],[$Machine setup,Number of setups,$700\mathrm{.}00$ per setup$],[$Insertion of parts,Number of parts,$23\mathrm{.}00$ per part$],[$Finishing$,$Number of finishing hours,$30\mathrm{.}00$ per hour$]]$

Use this rate to determine the estimated indirect manufacturing cost per wheel rim for each model, to the nearest cent.

First, select the formula, and then enter the amounts to compute the allocation rate.

Use the single plantwide allocation rate to determine the indirect manufacturing cost per wheel rim for each model, to the nearest cent.

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