Requirement 1. Compute the total estimated indirect manufacturing cost for 2018. Begin by selecting the formula to compute the total estimated overhead (OH) costs. Total estimated overhead costs Now compute the total estimated indirect manufacturing cost for 2018. Total Estimated Indirect Manufacturing Cost Activity Materials handling Machine setup Insertion of parts Finishing Total estimated indirect manufacturing cost Requirement 2. Prior to 2018, Edgar used a single planiwide overhead allocation rate system with direct labor hours as the allocation base Compute the predetermined overhead location rate based on direct labor hours for 2018. Use this rate to determine the estimated indirect manufacturing cost per Wheel rim for each model, to the nearest cont. First, select the formula, and then enter the amounts to compute the allocation rate. - Allocation rate Use the single plantwide allocation rate to determine the indirect manufacturing cost per wheel rim for each model to the nearest cent Indirect manufacturing cost per rim: Standard model: Deluxe model: a mindre 2 C aches to the nearest cont Indirect manufacturing cost per rim: Standard model: Deluxe model: Requirement 3. Compute the estimated ABC indirect manufacturing cost per unit of each model for 2018. Carry each cost 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) Allocated Mfg. Allocated Mfg. Activity OH Cost Per Rim OH Cost Per Rim Standard Deluxe Materials handling Machine setup Insertion of parts Finishing Total indirect cost per rim Data Table Data Table Predetermined Overhead Allocation Rate Standard Deluxe 10.0 7.0 Activity Materials handling Machine setup Insertion of parts Finishing Allocation Base Number of parts Number of setups Number of parts Number of finishing hours 14.0 14.0 8.00 per part 300.00 per setup 28.00 per part 30.00 per hour Parts per rim Setups per 500 rims Finishing hours per rim Total direct labor hours per im 40 8.0 Print Mana Print Done The company expects to produce 500 units of each model during the year. Read the requirements. i Requirements 1. Compute the total estimated indirect manufacturing cost for 2018. 2. Prior to 2018, Edgar used a single plantwide overhead allocation rate system with direct labor hours as the allocation base. Compute the predetermined overhead allocation rate based on direct labor hours for 2018. Use this rate to determine the estimated indirect manufacturing cost per wheel rim for each model, to the nearest cent. 3. Compute the estimated ABC indirect manufacturing cost per unit of each model for 2018. Carry each cost to the nearest cent
