Several years after reengineering its production process, Burke Corporation hired a new controller, Barb Joe. (Click the icon to view additional information.) For the upcoming year, Burke's budgeted ABC manufacturing overhead allocation rates are as follows: (Click the icon to view the additional data.) Requirement 1. Compute the total budgeted manufacturing overhead cost for the upcoming year. (Enter the rates to two decimal places.) Burke Corporation Total Budgeted Indirect Manufacturing Costs Budgeted Quantity of Activity Cost Cost Allocation Base Allocation Rate Total Budgeted Indirect Cost Activity Materials handling Machine setups Insertion of parts Finishing Total budgeted indirect cost 0 Data Table Activity Allocation Base Materials handling ... Number of parts Machine setup ...... Number of setups Insertion of parts .... Number of parts Finishing .......... Finishing direct labor hours Activity Cost Allocation Rate $ 5.50 per part $325.00 per setup $ 24.00 per part $ 57.00 per hour The number of parts is now a feasible allocation base because Burke recently installed a plantwide computer system. Burke produces two wheel models: Standard and Deluxe. Budgeted data for the upcoming year are as follows: (Click the icon to view the additional data.) Read the requirements. More Info Data Table Standard Delux She developed an ABC system very similar to the one used by Burke's chief rival Part of the reason Joe developed the ABC system was because Burke'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. 30 Parts per Wheel ... 6.0 8.0 Setups per 1,000 wheels ............. 20.0 20.0 Finishing direct labor hours per wheel .... 1.0 Total direct labor hours per wheel .... The company's managers expect to produce 1,000 units of each model during the year Print Done