Several years after reengineering its production process, Biltmore Corporation hired a new controller, Tammy English. (Click the icon to view additional information.) The number of parts is now a feasible allocation base because Biltmore recently installed a plantwide computer system. Biltmore produces two wheel models: Stan (Click the icon to view the additional d A Data Table For the upcoming year, Biltmore's budgeted ABC manufacturing overhead allocation rates are as follows: E: (Click the icon to view the additional data.) Read the requirements. Cost Allocation Rate Quantity of Cost Allocation Base Used By: Standard Deluxe Allocated Activity Cost Per Wheel Activity Standard Deluxe Materials handling Machine setup Standard Deluxe Parts per wheel........ 6.0 8.0 Selups per 1,000 wheels........... 20.0 20.0 Finishing direct labor hours per wheel..... 1.0 3.0 Total direct labor hours per wheel.... . 26 The company's managers expect to produce 1,000 units of each model during the year. Insertion of parts Finishing Total ABC allocated indirect cost Print Done Requirement 3. Compute the company's traditional plantwide overhead rate. Use this rate to determine the manufacturing overhead cost per Wheel under the tradition Bogin by identifying the formula to compute the current plantwide manufacturing overhead rate, then compute the rate. (Round your answer to the nearest cent.) i Data Table = 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 cent.) Activity Cost Allocation Rate = Manufacturing overhead Activity Allocation Base Standard Deluxe Materials handling..... Number of parts Machine setup........ Number of setups Insertion of parts...... Number of parts Finishing ............ Finishing direct labor hours S 5.50 per part S 325.00 per setup S 24.00 per part S 57.00 per hour Choose from any list or enter any number in the input fields and then continue to the next