Requirement 1. Compute the total estimated indirect manufacturing cost for 2024 . Begin by selecting the formula to compute the total estimated overhead (OH) costs. Now compute the total estimated indirect manufacturing cost for 2024 . Requirement 3. Compute the estimated ABC indirect manufacturing cost per unit of each model for 2024. Carry each cost per unit to the nearest cent. Compute the costs per unit for the standard model first, then the deluxe model. (Carry the setup cost per rim to three decimal places. Round your final answers to the nearest cent Edmund Company manufactures wheel rims. The controller expects the following ABC allocation rates for 2024: (Click the icon to view the allocation rates.) Edmund produces two wheel rim models: standard and deluxe. Expected data for 2024 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. First, select the formula, and then enter the amounts to compute the allocation rate. Use the single plantwide allocation rate to determine the indirect manufacturing cost per wheel rim for each model, to the nearest cent. Requirement 3. Compute the estimated ABC indirect manufacturing cost per unit of each model for 2024. Carry each cost per unit to the nearest cent. Data table Data table \begin{tabular}{lrr} \hline & Standard & Deluxe \\ \hline Parts per rim & 5.0 & 9.0 \\ Setups per 500 rims & 12.0 & 12.0 \\ Finishing hours per rim & 6.0 & 6.5 \\ Total direct labor hours per rim & 7.0 & 8.0 \\ \hline \end{tabular} Print Done