Several years after reengineering its production process, Biltmore Corporation hired a new controller, Rachael Johnson. (Click the icon to view additional information.) For the upcoming year, Biltmore's budgeted ABC manufacturing overhead allocation rates are as follows: (Click the icon to view the additional data.) 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: Data table More info D She developed an ABC system very similar to the one used by Biltmore's chief rival. Part of the reason Johnson 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. Parts per wheel.... Standard Deluxe 6.0 8.0 20.0 20.0 Finishing direct labor hours per wheel.... Total direct labor hours per wheel 1.0 3.0 2.6 3.4 Setups per 1,000 wheels..E The company's managers expect to produce 1,000 units of each model during the year.