Read the requirements es to two decimal places.) More Info - X She developed an ABC system very similar to the one used by Burke's chief rival. Part of the reason Smith developed the ABC system was because Burke's profits had been declining even though the company had shifted its product mix toward the product that had appeared most profitable under the old system. Before adopting the new ABC system, the company had used a plantwide overhead rate based on direct labor hours that was developed years ago. ost alld Print Done vity eel eluxe manufacturing overhead cost per wheel under the traditional system, Ud and Deluxe Budgeted data for the upcoming year Click the icon to view the additional data.) Read the requirements ces to two decimal places.) Data Table - Activity Cost Allocation Rate Activity Allocation Base Materials handling .... Number of parts Machine setup ....... Number of setups Insertion of parts ....Number of parts Finishing Finishing direct labor hours $5.50 per part $325.00 per setup $24.00 per part cost all $57.00 per hour ctivity Theel Print Dane Deluxe e manufacturing overhead cost per wheel under the traditional system Read the requirements two decimal places.) Data Table x 6.0 Standard Deluxe Parts per wheel 8.0 Setups per 1,000 wheels 200 20.0 Finishing direct labor hours per wheel 1.0 3.0 Total direct labor hours 2.6 3.4 The company's managers expect to produce 1,000 units of each model during the year. . per wheel Print Done cturing overhead cost per Wheel under the traditional system Requirement 1. Compute the total budgeted manufacturing overhead cont for the upcoming year (Enter the rates to two decimal places) Burke Corporation Total Budgeted Indirect Manufacturing Costs Budgeted Quantity of Activity Cost Total Budgeted Activity Cost Allocation Base Allocation Rate Indirect Cost Materials handling Machine setups Insertion of parts Finishing Total budgeted indirect cost Requirement 2. Compute the manufacturing overhead cout par wheel of each modeling ABC. Round the cost allocation is to decimals and cont par wheel to the nearest cent) Burke Corporation ABC Indirect Manufacturing Cost per Unit Cost Quantity of Cost Allocation Allocated Activity Activity Allocation Rate Elase Used By Cost Per Wheel Standard Deluxe Standard Deluxe Material handling Machines Insertion of parts Fishing TADO cated indirect Requirement Compute the company's traditional plantwide overhead tate Use this rate to determine the manufacturing overhead cost per whoal under the traditional system Requirement 3. Compute the company's traditional plantelde overhead rate. Use this rate to determine the manufacturing overhead cost per wheal under the traditional system Begin by identifying the formula to compute the current plantvide manufacturing overhead rate then compute the rate (Round your answer to the neare cont.) Planwide overhead por DL hour Now use the plantwide overhead rate to determine the manufacturing overhead cont per whed (Round your answers to the nearest cent) Manufacturing overhead Standard Delce
