Homework: Assignment 4 Score: 5.42 of 20 pts 2 of 9 (3 complete) E7-23A (similar to) Several years after reengineering its production process, King Corphired a new controller Tommy English She developed an ABC system very similar to the one for the upcoming year King's budgeted ABC nec used by King's chief rival, Centrovie Part of the reason English developed the ABC system was that King's profits had been declining even though the company Click the icon to view the additional data. had shifted its product mix toward the product that had appeared most profitable under the old system Before adopting the new ABC wyslom King had used a The number of parts is now a feasible location basebe plantwide overhead rate based on direct labour hours that was developed years ago Deluxe Budgeted data for the upcoming year are as fole (Click the icon to view the budgeted data) Besim Manufacturing overhead allocation rates - X $ King Total Budgeted Indirect Manufacturing Costs Budgeted Quantity of Activity Cost Total Budgeted Activity Cost Allocation Base Allocation Rate Indirect Cost Materials handling 9.500 5 3.905 37.440 Machieve sups 32 44000 14080 sertion of parts 9.600 31.00 297 600 3.280 Fishing 180 55.00 $ 529 520 Total budgeted Indied cost Requirement. Compute the MOH cost per wheel of each modeling ABC Round the cost allocation base to the King ABC Indre Manufacturing Cost per Cost Quantity of Cost Allocatie Allocated Activity Cost Per Wheel Activity Base Used By Milocation Rate Standard Deluxe Standard Deluxe Activity Material handing Machines up Insertion of parts Finishing Allocation base Number of parts Number of sups Nurnber of parts Finishing direct labour hours Activity Cost Allocation Rate 3.90 per part 440 per setup 31.00 per part 5500 per hour Done Budgeted data Standard 50 Maher handling Machine up Insertion of part Fishing 70 150 Parts whe Super 300 wheel ng director hours per wheel Total de labor hours per wheel 23 2.7 TAC ed into Enter any uber is the ed elds and then chok Check Answer 1