Several years after reengineering its production process, Biltmore Corporation hired a new controller, Mandy Miller i (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: Standard and Deluxe. Budgeted data for the upcoming year are as follows: T! (Click the icon to view the additional data.) 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 Data Table Requirement 1. Compute the total budgeted manufacturing overhead cost for the upcoming year. (Enter the rates to two decimal places.) Activity Cost Allocation Rate $5.50 per part Biltmore Corporation Total Budgeted Indirect Manufacturing Costs Budgeted Quantity of Activity Cost Cost Allocation Base Allocation Rate 1000 5.50 Total Budgeted Activity Allocation Base Materials handling ... Number of parts Machine setup Number of setups Insertion of parts Number of parts Finishing Finishing direct labor hours $325.00 per setup Indirect Cost $24.00 per part Activity 5500 $57.00 per hour Materials handling 60 325 19500 Machine setups 10000 24 24000 Insertion of parts Print Done 3400 57 193800 Standard Deluxe Finishing Total budgeted indirect cost 242800 6.0 8.0 Parts per wheel 20.0 20.0 Requirement 2. Compute the manufacturing overhead cost per wheel of each model using ABC. (Round the cost allocation base to three decimals and ca Setups per 1,000 wheels 3.0 3.4 Biltmore Corporation ABC Indirect Manufacturing Cost per Unit Cost Quantity of Cost Allocation Finishing direct labor hours per wheel. 1.0 Total direct labor hours per wheel. 2.6 The company's managers expect to produce 1,000 units of each model during the year. Allocated Activity Choose from any list or enter any number in the input fields and then continue to the next question. Print Done Question Help Several years after reengineering its production process, Biltmore Corporation hired a new controller, Mandy Miller The number of parts is now a feasible allocation base because Biltmore recently installed a plantwide computer syster (Click the icon to view additional information.) Biltmore produces two wheel models: Standard and Deluxe. Budgeted data for the upcoming year are as follows: Click the icon to view the additional data.) For the upcoming year, Biltmore's budgeted ABC manufacturing overhead allocation rates are as follows: (Click the icon to view the additional data.) Read the requirements. Requirement 2. Compute the manufacturing overhead cost per wheel of each model using ABC. (Round the cost allocation base to three decimals and cost per wheel to the nearest cent.) Biltmore Corporation ABC Indirect Manufacturing Cost per Unit Cost Quantity of Cost Allocation Allocation Rate Base Used By: Allocated Activity Activity Cost Per Wheel Standard Deluxe Standard Deluxe Materials handling Machine setup Insertion of parts Finishing Total ABC allocated indirect cost Requirement 3. Compute the company's traditional plantwide overhead rate. Use this rate to determine the manufacturing overhead cost per wheel under the traditional system. Begin by identifying the formula to compute the current plantwide manufacturing overhead rate, then compute the rate. (Round your answer to the nearest cent.) Plantwide overhead rate Choose from any list or enter any number in the input fields and then continue to the next question, Machine setup Insertion of parts Finishing Total ABC allocated indirect cost Requirement 3. Compute the company's traditional plantwide overhead rate. Use this rate to determine the manufacturing overhead cost per wheel under the traditional system. Begin by identifying the formula to compute the current plantwide manufacturing overhead rate, then compute the rate. (Round your answer to the nearest cent.) 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.) Manufacturing overhead Standard Deluxe Choose from any list or enter any number in the input fields and then continue to the next question. 25 MacBook Air (Click the icon to view additional information.) more Corporation hired a new controller, Mandy Miller. The number of parts is now a feasible allocation base because Biltmore re Biltmore produces two wheel models: Standard and Deluxe. Budgeted dat (Click the icon to view the additional data.) For the upcoming year, Biltmore's budgeted ABC manufacturing overhead allocation rates are as follows: Data Table Data Table ndar M MI Activity Activity Cost Allocation Rate In Allocation Base Standard Deluxe Number of parts Materials handling Machine setup.. 8.0 Number of setups TO $5.50 per part $325.00 per setup $24.00 per part $57.00 per hour 20.0 Insertion of parts Number of parts 3.0 Parts per wheel 6.0 Setups per 1,000 wheels.. 20.0 Finishing direct labor hours per wheel.... Total direct labor hours per wheel.. 2.6 The company's managers expect to prod.be 1,000 units of each model during the year. RO Finishing Finishing direct labor hours termi 3.4 Bel hen More Info P Print Done Done No Roul Yerhead She developed an ABC system very similar to the one used by Biltmore's chief rival. Part of the reason Miller developed the ABC system was because Biltmore's profits had been declining even though the company had shifted its product mix toward the product that had appeared most profitable under the old system. Before adopting the new ABC system, the company had used a plantwide overhead rate based on direct labor hours that was developed years ago. st Dd 10 question. Print Done