In the first two pictures the necessary data is depicted into three different windows. The only answer I need help to obtain is where the number '499.80' is placed, because, that isn't the correct answer.
E19-22 (similar to) X Data Table - X pr Data Table In 2019, Elkin's managers used the same indirect manufacturing costs per wheel rim that they computed in anufacturing costs, the following data are lation expected for the company's standard and deluxe models for 2019. Predetermined Overhead Allocation Rate Activity Allocation Base Standard Deluxe the r Materials handling 900.00 1,040.00 Number of parts S 5.00 per part Sales price ocate Number of setups 500.00 per setup Machine setup Direct materlals 34.00 51.00 Insertion of parts Number of parts 27.00 per part Direct labor 54.00 48.00 r the 80.00 per hour Finishing Number of finishing hours Allocated activity Quantity of Predetermined is Standard Deluxe overhead allocation allocation cost per rim ABC cost per unit Parts per rim 2.0 4.0 base used (Deluxe) rate X 5.00 $ Setups per 500 rims 13.0 13.0 Materlals handling 40 20.00 Finishing hours per rim 2.C 3.5 Machine setups 0.026 x $ 500.00 = 13,00 Total direct labor hours per rim 3.0 4.0 Insertion of parts 4.0 27.00 108.00 280,00 Finishing direct labor hours 3 5 80.00 Print Done Print Done k X i 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 506.00 per rim. A value engineering study by Elkin's employees suggests that modifications to the finishing process could cut finishing cost from $80.00 to $70.00 per hour and reduce the finishing direct labor hours per deluxe rim from 3.5 hours to 3.0 hours. Direct materials would remain unchanged at $51.00 per rim, as would direct labor at $54.00 per rim. The materials handling, machine setup, and insertion of parts activity costs also would remain the same. Print Done E19-22 (similar to) Question Help Elkin Company manufactures wheel rims. The controller budgeted ABC allocation rates for 2018. Elkin produces two Controller Matthew Bamhill is surprised by the increase in cost of the deluxe model under ABC, He had a market wheel rim models: standard and deluxe. Budgeted data for 2018 are as follows: research study conducted. EE(Click the icon to view the 2018 allocation rates and budgeted data.) i (Click the icon to view the results of the market research.) EEB(Click the icon to view additional information, budgeted information and the deluxe unit cost calculation.) Would implementing the value engineering recommendation enable Elkin to achieve its target cost for the deluxe rim? Begin by selecting the formula to allocate overhead (OH) costs. Then enter the amounts to calculate the revised finishing activity cost per rim. Actual gty of the allocation base used Predetermined OH allocation rate =Allocated mfg. overhead costs 3 70 S 210 Would implementing the value engineering recommendation enable Elkin to achleve its target cost for the deluxe rim? (Round the calculation of the total cost to the nearest cent.) Yes, the value engineering pracess will bring the cost per del uxe model rim to $ 499.80 which is below the target cost per rim of $506.00
