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Please answer all the requirements. E19-20 (similar to) Question Help Elton Company manufactures wheel rims. The controller expects the following ABC allocation rates for 2018:
Please answer all the requirements.
E19-20 (similar to) Question Help Elton Company manufactures wheel rims. The controller expects the following ABC allocation rates for 2018: (Click the icon to view the allocation rates.) Elton produces two wheel rim models: standard and deluxe. Expected data for 2018 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 2018. Begin by selecting the formula to compute the total estimated overhead (OH) costa Total estimated overhead costs = Choose from any drop-down list and then click Check Answer. 5 parts remaining Clear All Check Answer Data Table Activity Predetermined Overhead Allocation Rate Allocation Base Materials handling Number of parts Number of setups Machine setup Insertion of parts Finishing $5.00 per part 600.00 per setup 23.00 per part 50.00 per hour Number of parts Number of finishing hours Print Done Data Table Standard Deluxe 3.0 10.0 12.0 12.0 Parts per rim Setups per 500 rims Finishing hours per rim Total direct labor hours per rim 5.0 6.5 6.0 9.0 Print Print Done Done A Requirements 1. Compute the total estimated indirect manufacturing cost for 2018. 2. Prior to 2018, Elton 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 2018. 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 2018. Carry each cost to the nearest cent. Print DoneStep by Step Solution
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