Several years after reengineering its production process, Biltmore Corporation hired a new controller, Denise French. A (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: E: (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 1. Compute the total budgeted manufacturing overhead cost for the upcoming year. (Enter the rates to two decimal places.) Data Table 6.0 Biltmore Corporation Total Budgeted Indirect Manufacturing Costs Budgeted Quantity of Activity Cost Total Budgeted Activity Cost Allocation Base Allocation Rate Indirect Cost Materials handling 14,000 $ 3.50 $ 49,000 Machine setups 20 475.00 9,500 Insertion of parts 14.000 25.00 350,000 Finishing 59.00 295,000 703,500 Total budgeted indirect cost Standard Deluxe Parts per wheel 8.0 Setups per 1,000 wheels ........ 10.0 10.0 Finishing direct labor hours per wheel .... 2.0 3.0 Total direct labor hours per wheel The company's managers expect to produce 1,000 units of each model during the year. 2.9 3.8 5,000 - Print Print Done Requirement 2. Compute the manufacturing overhead cost per wheel of each model using ABC. (Round the cost allocation base to three decimals Biltmore Corporation ABC Indirect Manufacturing Cost per Unit Cost Quantity of Cost Allocation Allocated Activity Activity Allocation Rate Base Used By: Cost Per Wheel Standard Deluxe Standard Deluxe A Data Table Materials handling Machine setup Insertion of parts Finishing Activity Cost Activity Allocation Base Allocation Rate Materials handling .... Number of parts $ 3.50 per part Machine setup ...... Number of setups $ 475.00 per setup Insertion of parts ..... Number of parts $ 25.00 per part Finishing ...... Finishing direct labor hours $ 59.00 per hour Total ABC allocated indirect cost Print Done Enter any number in the edit fields and then click Check Answer. parts 2 remaining Clear All Check