Several years after reengineering its production process, Trudell Corporation hired a new controller, Mandy Miller. Click the icon to view additional information) For the upcoming year. Trudell'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 Trudell recently installed a plantwide computer system. Trudel 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 a More info She developed an ABC system very similar to the one used by Trudell's chief rival. Part of the reason Miller developed the ABC system was because Trudell'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. Data table Activity Allocation Base Materials handling .. Number of parts Machine setup ..... Number of setups Insertion of parts .. Number of parts Activity Cost Allocation Rate $4.00 per part $450.00 per setup $26.00 per part Finishing . Finishing direct labor hours $50.00 per hour Data table Parts per wheel. Setups per 1,000 wheels Standard Deluxe 4.0 6.0 20.0 20.0 1.1 2.4 2.6 3.2 Finishing direct labor hours per wheel... Total direct labor hours per wheel The company's managers expect to produce 1,000 units of each model during the year. Requirements 1. Compute the total budgeted manufacturing overhead cost for the upcoming year. 2. Compute the manufacturing overhead cost per wheel of each model using ABC. 3. Compute the company's traditional plantwide overhead rate. Use this rate to determine the manufacturing overhead cost per wheel under the traditional system