Several years after reengineering its production process, Kane Corporation hired a new controller, Denise French. She developed an ABC system very similar to the one used by Kane's chief rival. Part of the reason French developed the ABC system was because Kane'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, Kane had used a plantwide Overhead rate based on direct labor hours that was developed years ago. |(Click the icon to view the overhead costs and budgeted data.) Read the requirements. Requirement 1. Compute the gross profit per wheel if managers rely on the ABC unit cost data. (Enter amounts to two decimal places.) Begin by computing the total manufacturing cost per wheel ea wheel model. Kane Corporation Total cost per unit using ABC data Standard Deluxe Total manufacturing cost uction process Kana Carneration hirada nowcontroller Danica Franch evelop C BO - Data table Manufacturing Overhead Costs per Unit: Standard Deluxe ABC costs $ 300.00 $ 486.00 Plantwide overhead rate 340.60 $ 445.40 hal The following data are budgeted for the company's Standard and Deluxe models for next year: Standard Deluxe 490.00 $ 660.00 Sales price per wheel Direct materials per wheel Direct labor per wheel 31.00 $ 46.75 45.80 $ 51.50 Print Done