K Emery Company manufactures wheel rims. The controller expects the following ABC allocation rates for 2024: (Click the icon to view the allocation rates.) Emery produces two wheel rim models: standard and deluxe. Expected data for 2024 are as follows: (Click the icon to view the expected data) The company expects to produce 500 units of each model during the year. Read the requirements. Data table Data table Activity Materials handling Allocation Base. Predetermined Overhead Allocation Rate Standard Deluxe Number of parts Machine setup Insertion of parts Finishing Number of setups Number of parts $8.00 per part 600.00 per setup 25.00 per part Parts per rim 5.0 10.0 Setups per 500 rims 12.0 12,0 Finishing hours per rim 3.0 4.5 Number of finishing hours 30.00 per hour Total direct labor hours per rim 4.0 5.0 Print Done Print Done Emery Company manufactures wheel rims. The controller expects the following ABC allocation rates for 2024 (Click the icon to view the allocation rates) Emery produces two wheel rim models: standard and deluxe. Expected data for 2024 are as follows: (Click the icon to view the expected data) The company expects to produce 500 units of each model during the year Read the requirements Requirement 1. Compute the total estimated indirect manufacturing cost for 2024. Begin by selecting the formula to compute the total estimated overhead (OH) costs. Predetermined overhead allocation rate Total estimated qty of the allocation base. Now compute the total estimated indirect manufacturing cost for 2024. Activity Materials handling Machine setup Insertion of parts Finishing Total estimated indirect manufacturing cost t more help- Total Estimated. Indirect Manufacturing Cost Total estimated overhead costs Requirements 1. Compute the total estimated indirect manufacturing cost for 2024 2. Prior to 2024, Emery used a single plantwide overhead allocation rate system with direct labor hours as the allocation base. Compute the predetermined overhead allocation rate based on direct labor hours for 2024. Use this rate to determine the estimated indirect manufacturing cost per wheel rim for each model, to the nearest cent 3. Compute the estimated ABC indirect manufacturing cost per unit of each model for 2024. Carry each cost per unit to the nearest cent Print Done