Save Several years after reengineering its production process, Biltmore Corporation hired a new controller, Rachael Johnson. i (Click the icon to view additional information.) For the upcoming year, Biltmore's budgeted ABC manufacturing overhea allocation rates are as follows: The number of parts is now a feasible allocation base because Biltmore recently installed a plantwide computer system. Biltmore produces two wheel models: Standard and Deluxe. Budgeted data for the upcoming year are as follows: Requirements 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. 1.0 3.0 Total direct labor hours per wheel 2.6 3.4 The company's managers expect to produce 1,000 units of each model during the year. 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 manufacturing overhead cost per wheel under the traditional system. Print Done