Please use Activity-Based Costing. Thanks!

For the upcoming year, Dettling's budgeted ABC manufacturing overhead allocation rates are as follows: Activity Materials handling Machine setup Insertion of parts Finishing Allocation Base Number of parts Number of setups Number of parts Finishing direct labor hours Activity Cost Allocation Rate $ 4.50 per part $325.00 per setup $ 31.00 per part $ 51.00 per hour The number of parts is now a feasible allocation base because Dettling recently installed a plantwide computer system. Dettling produces two wheel models: Standard and Deluxe. Budgeted data for the upcoming year are as follows: Standard Deluxe 4.0 6.0 20.0 20.0 Parts per wheel Setups per 1,000 wheels Finishing direct labor hours per wheel Total direct labor hours per wheel 1.0 3.0 2.7 3.8 The company's managers expect to produce 1,000 units of each model during the year. Requirements 1. Compute the total budgeted manufacturing overhead cost for the upcoming year. 2. Compute the manufacturing overhead cost per wheel of each model using ABC. 3. Compute the company's traditional plantwide overhead rate. Use this rate to determine the manufacturing overhead cost per wheel under the traditional system