most profitable under the old system. Before adopting the new ABC system, Burke had ined a plantwide overhead rate based on diroct labor hours that was developed years ago: (Click the icon to view the prectiead costs and busgoted data) Read the ceovirements Requirement 1. Compute the gross prote per wheel if managen fely on the ABC und cost data. (Enter amounts to two decimal places) Begin by computing the total manutscturing cost per wheel for each wheel model. ears after reengineering its production process, Burke Corporation hired a new controller, Tammy English. She developed an ABC systern very sim reason English developed the ABC system was because Burke's profits had been declining even though the company had shifted its product mix table under the old system. Before adopting the new ABC system, Burke had used a plantwide overhead rate based on direct labor hours that was the icon to view the ov equirements. Data table Int 1. Compute the gre mputing the total mar decimal places.)