fill in the following steps for Requirement 2.

Requirement 2. Compute the manufacturing overhead cost per wheel of each model using ABC. (Round the cost allocation base to the Zeke Corporation ABC Indirect Manufacturing Cost per Unit Cost Quantity of Cost Allocation Allocated Activity Activity Allocation Rate Base Used By: Cost Per Wheel Standard Deluxe Standard Deluxe Materials handling 5.50 Machine selup 325 Insertion of parts 24 Finishing 57 Total ABC allocated Indirect cost Red ABC manufacturing overhead allocation rates are as follows Data Table She developed an ABC system very similar to the one used by Zeke's chief rival Part of the reason Taylor developed the ABC system was because Zeke's profits had been declining even though the company had shifted its product mix toward the product that had appeared most profitable under the old system. Before adopting the new ABC system, the company had used a plantwide overhead rate based on direct labor hours that was developed years ago . - X Data Table Activity Cost Allocation Activity Allocation Base Rate Materials handling ....Number of parts $5.50 per part Machine setup... Number of setups $325.00 per setup Insertion of parts Number of parts 524.00 per part Finishing Finishing direct labor hours 55700 per hour Print Done Standard Deluxe Parts per Wheel 60 80 Setups per 1,000 wheels 200 200 Finishing direct labor hours per wheel... 1.0 3.0 Total direct labor hours per wheel 25 34 The company's managers expect to produce 1,000 units of each model during the year cluring overhead cost per wheel of each model using ABCRound the cost allocation base to the Requirement 1. Compute the total budgeted manufacturing overhead cost for the upcoming year (Enter the rates to two decimal places.) Zeke Corporation Total Budgeted Indirect Manufacturing Costs Budgeted Quantity of Activity Cost Total Budgeted Activity Cost Allocation Base Allocation Rate Indirect Cost Materials handling 14,000 $ 5.50 S 77,000 Machine setups 40 325.00 13,000 Insertion of parts 14,000 24.00 336,000 Finishing 4,000 57.00 228,000 654,000 Total budgeted indirect cost