ovestion 17 Harbor Wheet Company manufactures fwo tractor wheeisi the Uitimate which seila for s1,400 and the 5tanitard, which seifs fine 31,700: estimated total direct labor hours were 312,500 . Management is contideting using activity-based costing to compare ovemest anocations betere making a tinal decision, Current Traditional Costing: Activity-Based Cost iaws. INSTRUCTIONS Using the information above, answer the questions in the text box below. Show your work. 1) Using traditional costing, what is the amount of manufacturing overhead applied to one Uitimate wheel and to one 5 tandard wheel? (2 pts) 2) Using traditional costing, what is the total manufacturing cost of single Ultimate wheel? (2 pts) 3) Caiculate the ABC Overhead rates for each cost pool: (2 pts) 4) Using Activity-based Costing, what is the amount of manufacturing overhead assigned to a single Uitimate Wheel? (2 pts) Using Activity-based costing, what is the total manufacturing cost of a single Standard wheel? (2 pts)