Jigra Enterprise (Jigra) manufacturers wheel rims. The company's accountant budgeted the flowing activity based costing (ABC) allocation rate for 2016 Activit Materials handlin Machine Setu Insertion of Parts Finishirn The number of parts is now a feasible allocation because Jigra recently purchased bar coding technology Jigra produces two wheel rim models: standard and deluxe. Budgeted data for 2016 is as follows Allocation Base Number of Parts Number of setups Number of parts Finishing direct labor hours Cost Allocation Rate 6 per part 600 per setu 24 per part 30 per hour Standard Deluxe 7.0 15.0 4.5 8.0 5.0 15.0 Parts per rim Setups per 1,000 rims Finishing direct labor hours per rim 3.0 Total direct labor hours per rim 5.0 The company expects to produce 1,000 units of each model during the year Required a) Compute the total budgeted indirect manufacturing cost for 2016 b) Compute the ABC indirect manufacturing cost per unit of each model. Carry each cost g the nearest cent c) Prior to 2016, Jigr used a direct labor hour single allocation base system. Compute the (single) allocation rate based on direct labor hours of 2016. Use this rate to determine the indirect manufacturing cos per wheel rim for each model, to the nearest cent