Requirement 1. Compute the total budgeted manufacturing overhead cost for the upcoming year. (Enter the rates to two decimal places.) Trudell Corp. 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 cost per wheel of each model using ABC. (Round the cost allocation base to three decimals and cost per wheel to the nearest cent.) Trudell Corp. ABC Indirect Manufacturing Cost per Unit Cost Quantity of Cost Allocation Allocated Activity Activity Allocation Rate Base Used By: Cost Per Wheel Standard Deluxe Standard Deluxe Materials handling Machine setup Insertion of parts Finishing Total ABC allocated indirect cost Requirement 3. Compute Trudell's traditional plantwide overhead rate.Use this rate to determine the manufacturing overhead cost per wheel under the traditional system. Begin by identifying the formula to compute the current plantwide manufacturing overhead rate, then compute the rate. (Round your answer to the nearest cent.) Plantwide overhead rate per DL hour Now use the plantwide overhead rate to determine the manufacturing overhead cost per wheel. (Round your answers to the nearest cont.) Manufacturing overhead Standard DeluxeData table Activity Allocation Base Materials handling . . . . Number of parts Machine setup ........ Number of setups Insertion of parts ..... Number of parts Finishing ............ Finishing direct labor hours .@ Activity Cost Allocation Rate 33.00 per part $350.00 per setup 324.00 per part $56.00 per hour Data table Standard Deluxe Parts per wheel ....................... 6.0 8.0 Setups per 1,000 wheels ................ 20.0 20.0 Finishing direct labor hours per wheel . . .. 1.5 3.5 Total direct labor hours per wheel ........ 2.5 3.3 The company's managers expect to produce 1000 units of each model during the year. -m Several years after reengineering A its production process. King Corporation hired a new controller. Tammy English. 0 (Click the icon to View additional information.) For the upcoming year. King's budgeted ABC manufacturing overhead allocation rates are as follows: @ (Click the icon to View the additional data} The number of parts is now a feasible allocation base because King recently.f installed a plantwide computer system. King produces two wheel models: Standard and Deluxe. Budgeted data for the upcoming year are as follows: @ {Click the icon to View the additional data.)