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Several years after reengineering its production process, Zeke Corporation hired a new controller, Mandy Miller. (Click the icon to view additional information.) For the upcoming year, Zeke's budgeted ABC manufacturing overhead allocation rates are as follows: (Click the icon to view the additional data.) Requirement 1. Compute the total budgeted manufacturing overhead cost for the upcoming year. (Enter the rates Requirement 2. Compute the manufacturing overhead cost per wheel of each model using ABC. (Round the cost alll The number of parts is now a feasible allocation base because Zeke recently installed a plantwide computer system. Zeke produces two wheel models: Standard and Deluxe. Budgeted data for the upcoming year are as follows: (Click the icon to view the additional data.) Read the requirements. ing year. (Enter the rates to two decimal places.) sing ABC. (Round the cost allocation base to three decimals and cost per wheel to the nearest cent.) ring its production process, Zeke Corporation hired a neww controller, ditional information.) 5 budgeted ABC manufacturing overhead allocation rates are as Eadditional data.) Data table mengineering the production procets. Zoke Corporation hnd a new bontstor. Siew adifichat inlomatos. hat, Zeke's bodgeted ABC manybacturing ovochnad aliocaton rases are at an view the adsibibat data.) Requirements 1. Compute the total budgeied manufacturing ovectead coet for the upeensing year. 2. Compute the marsfacturing overhead can pee wheel of each model using AGC. 3. Compute the company's tradifonal plastwide overhead rate Use thin rate to defenmine ine manulacturing toverhead cost per wheef under the bastioral tyndem. tring its production process, Zeke Corporation hired a new oontroler, ditional information.) 5. budgeted ABC manufacturing overhead allocation rates are as 2 additional data.) More info She developed an ABC system very similat to the one used by Zeke's chiof rival. Part of the reason Miller developed the ABC system was because Zoke's profts had been decining even though the company had shithed its product mix toward the product that had appeared most profitable under the old systam. Before adopting the new ABC system, the company had used a plantwide overhead rate based on direct labor hours that was developed years ago. teka's budgeted ABC manufacturing overtiegd intocaticn rates aro as. whe the additional data i) Data table Zoke Corporation Requirement 1. Compute the tatal budgeted manufacturing overhead cost lor the upcoming year, (Enter the rates to bwo docirnal places.) Requirement 2. Compute the manufacturing overhead cost per wheet of each model using ABC. (Found the coat aliocatico batse to three decmais and cost per wheel to thin hied Zeke Corparation Requirement 2. Compute the manufactuing Orechead cost per wheel of each model using ABC. (Round the coat aliocason base to threo docimats and cout per wheet ia Fe fearst ee s) Zeke Corporation Requirement 3. Compute the company's traditional plantwide overhed rate. Use this rale to desemine the marifacturieg oremenead coet per wheel under Es irastenai aysiam. ABC Indirect Manufacturing Cost per Unit Requirement 3. Compule the company's traditional plantwide overhed raie. Uie this rate to determine the manutacturing overhead cost per wheet under the iraditionai nalem. Begin by identifying the formula to compule the current plantwide manufacturing overhead rate, then conpute the rate. (Round your antwer to ine nearust cent.] Piantwide ovenead tate per DL hour. Now use the plantwide averhead rate to determine the manutacturing owemead cost per wheel. (Round your answons to the nearest cent) Manufacturing overhead Standard 1= Deluxel =