Requirements Several years after reengineering its production process, Zippy Corporation hired a new controller, Mandy Miller. (Click the icon to view additional information.) The number of parts is now a feasible alloca models: Standard and Deluxe. Budgeted da (Click the icon to view the additional dat For the upcoming year, Zippy's budgeted ABC manufacturing overhead allocation rates are as follows: E: (Click the icon to view the additional data.) 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. Read the requirements. Requirement 1. Compute the total budgeted manufacturing overhead cost for the upcoming year. (Enter the rates to two decimal places.) Data Table Data Table Zippy Corporation Total Budgeted Indirect Manufacturing Costs Budgeted Quantity of Activity Cost Cost Allocation Base Allocation Rate Total Budgeted Indirect Cost Standard Deluxe Activity Materials handling Machine setups Insertion of parts Activity Cost Allocation Rate Allocation Base Parts per wheel 8.0 10.0 Setups per 1,000 wheels 20.0 20.0 Finishing direct labor hours per wheel.... 1.5 2.5 Total direct labor hours per wheel 2.7 3.8 The company's managers expect to produce 1,000 units of each model during the year. Activity Materials handling Machine setup Finishing Number of parts $ 5.50 per part Number of setups $ 325.00 per setup Number of parts $ 27.00 per part Finishing direct labor hours $ 52.00 per hour Insertion of parts Total budgeted indirect cost Finishing Requirement 2. Compute the manufacturing overhead cost per wheel of each model using ABC (Round the