Several years after reengineering its production process, Trudell Corporation hired a new controller, Denise French (Click the icon to view additional information.) The number of parts is now a feasible allocation base because Trudell recently installed a plantwide computer system. Trudell produces two wheel models: Standard and Deluxe. Budgeted data for the upcoming year are as follows: |(Click the icon to view the additional data.) For the upcoming year, Trudell's budgeted ABC manufacturing overhead allocation rates are as follows: EEB (Click the icon to view the additional data.) Read the requirements 10,000 31.00 310,000 Insertion of parts 204,000 4,000 51.00 Finishing $ 572,000 Total budgeted indirect cost Requirement 2. Compute the manufacturing overhead cost per wheel of each model using ABC. (Round the cost allocation base to three decimals and cost per wheel to the nearest cent.) Trudell Corporation - X ABC Indirect Manufacturing Cost per Unit Data Table Cost Quantity of Cost Allocation Allocated Activity Base Used By: Cost Per Wheel Activity Allocation Rate Deluxe Standard Standard Deluxe Activity Cost Materials handling 4.50 Activity Allocation Base Allocation Rate 325.00 Machine setup Materials handling ... . Number of parts 4.50 per part Insertion of parts 31.00 325.00 per setup Number of setups Machine setup. 51.00 Finishing Insertion of parts.. . . . . Number of parts $ 31.00 per part Finishing... Finishing direct labor hours $ 51.00 per hour Total ABC allocated indirect cost X Data Table Standard Deluxe Parts per wheel. 4.0 6.0 Setups per ,000 wheels.. 20.0 20.0 Finishing. direct.labor hours per wheel. . . . . 1.0 3.0 Total direct labor. hours. per. wheel 2.7 3.8 The company's managers expect to produce 1,000 units of each model during the year