Several years after reengineering its production process, Trudell Corporation hired a new controller, Rachael Johnson. She developed an ABC system very similar to the one used by Trudell's chief rival. Part the reason Johnson 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, Trudell 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. i Data Table 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 for each wheel model. Manufacturing Overhead Costs per Unit Standard Deluxe ABC costs. $ 240.50 $ 413.50 Trudell Corporation Total cost per unit using ABC data Standard Plantwide overhead rate $ 283.40 $ 370.60 Deluxe The following data are budgeted for the company's Standard and Deluxe models for next year: Standard Deluxe $ 460.00 $ 640.00 Total manufacturing cost Sales price per wheel. Direct materials per wheel Direct labor per wheel $ 32.00 $ 47.25 $ 45.20 $ 53.50