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Elun Company manulactures wheel nims. The controlier budgeted ABC allocation rates for 2024 . Elkin produces two wheel rim models standard and deluxe. Budgeted data for 2024 are se follows: (Click the ioon to vew the 2024 allocation rates and budgeted data) (Chick the icon to vew saditional information, budgeted information and the deluxe unit cost calculation.) Bepin by selecting the formula to alocale overhead (OH) costs. Then enter the amounts to calculate the revised finishing activity cost per rim. Arais aty of the Id costs Would implemerting the value engineering recommendation enable Elkin to achieve its target cost for the deluxe rim? (Round the oalculation of the total cost to the nearest cent) the valive engineering process will bring the cost per deture model rim to which is the tarpel aos per um of $541,00 Data table In 2025 . Ekan's manapers used the same indirect manufacturing costs per wheel rim that they computed in 2024 using activity-based costing in addition to the unit indrect manufacturing costs, the following data are expected for the company's standard and delure models for 2025 . Controller Murray Bind 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 Elkin to achieve its target cost for the deluxe rim? Data table More info Market research shows that for the deluxe rim to provide a reasonable profit, Elkin will have to meet a target manufacturing cost of 541.00 per rim. A value engineering study by Ekin's employees suggests that modifications to the finishing process could cut finishing cost from $30.00 to $20,00 per hour and reduce the finishing direct labor hours per deluxe rim from 4.5 hours to 4.0 hours. Direct materials would remain unchanged at $51.00 per rim, as would direct labor at $54.00 per rim. The materials handing, machine setup, and insertion of parts activity costs also would remain the same. Elun Company manulactures wheel nims. The controlier budgeted ABC allocation rates for 2024 . Elkin produces two wheel rim models standard and deluxe. Budgeted data for 2024 are se follows: (Click the ioon to vew the 2024 allocation rates and budgeted data) (Chick the icon to vew saditional information, budgeted information and the deluxe unit cost calculation.) Bepin by selecting the formula to alocale overhead (OH) costs. Then enter the amounts to calculate the revised finishing activity cost per rim. Arais aty of the Id costs Would implemerting the value engineering recommendation enable Elkin to achieve its target cost for the deluxe rim? (Round the oalculation of the total cost to the nearest cent) the valive engineering process will bring the cost per deture model rim to which is the tarpel aos per um of $541,00 Data table In 2025 . Ekan's manapers used the same indirect manufacturing costs per wheel rim that they computed in 2024 using activity-based costing in addition to the unit indrect manufacturing costs, the following data are expected for the company's standard and delure models for 2025 . Controller Murray Bind 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 Elkin to achieve its target cost for the deluxe rim? Data table More info Market research shows that for the deluxe rim to provide a reasonable profit, Elkin will have to meet a target manufacturing cost of 541.00 per rim. A value engineering study by Ekin's employees suggests that modifications to the finishing process could cut finishing cost from $30.00 to $20,00 per hour and reduce the finishing direct labor hours per deluxe rim from 4.5 hours to 4.0 hours. Direct materials would remain unchanged at $51.00 per rim, as would direct labor at $54.00 per rim. The materials handing, machine setup, and insertion of parts activity costs also would remain the same