HELP!

Several years after reengineering its production process, Zeke Corporation hired a new controller, Alice Brown. (Click the icon to view additional information.) For the upcoming year, Zeke's budgeted ABC manufacturing overhead allocation rates are as follows: (Click the icon to view the additional data.) The number of parts is now a feasible allocation base because Zeke recently installed a plantwide computer system. Zeke produces two wheel models: Standard and Deluxe. Budgeted data for the upcoming year are as follows: (Click the icon to view the additional data.) Read the requirements C. More Info hter the rates to two decimal places.) She developed an ABC system very similar to the one used by Zeke's chief rival. Part of the reason Brown 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. Print Done - X Data Table Data Table Activity Cost Allocation Rate Activity Allocation Base Materials handling .... Number of parts Machine setup Number of setups Insertion of parts ..... Number of parts Finishing Finishing direct labor hours $5.50 per part $325.00 per setup $24.00 per part $57.00 per hour Standard Deluxe Parts per wheel 6.0 8.0 Setups per 1,000 wheels 20.0 20.0 Finishing direct labor hours per wheel ... 1.0 3.0 Total direct labor hours per wheel........ 2.6 3.4 The company's managers expect to produce 1,000 units of each model during the year. Print Done Print Done Requirement 3. Compute the company's traditional plantwide overhead rate. Use this rate to determine the manufacturing overhead cost per wheel under the traditional system. Begin by identifying the formula to compute the current plantwide manufacturing overhead rate, then compute the rate. (Round your answer to the nearest cent.) Plantwide overhead rate per DL hour Now use the plantwide overhead rate to determine the manufacturing overhead cost per wheel. (Round your answers to the nearest cent.) Manufacturing overhead Standard Deluxe