Several years after reengineering its production process, Trudell Corporation hired a new controller, Georgia Taylor. She developed an ABC system very similar to the one used by Trudell's chief mal Part of the reason Taylor developed the ABC system was because Trudelf'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, Trudell had used a plantwide overhead rate based on direct labor hours that was developed years ago. (Click the loon 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 unt cost data. (Enter amounts to two decimal places.) Begin by computing the total manufacturing cost per wheel for each wheel model Trudell Corporation Total cost per unit using ABC data Standard Deluxe Total manufacturing cost gro an de be Data table Manufacturing Overhead Costs per Unit: Standard Deluxe ABC costs $ 300.00 $ 486.00 Plantwide overhead rate ..... $ 340.60 $ 445.40 The following data are budgeted for the company's Standard and Deluxe models for next year: Standard Deluxe Sales price per wheel ....... $ 440.00 $ 640.00 Direct materials per wheel....$ 31.00 $ 46.25 Direct labor per wheel 45.40 $ 53.00 Print Done