Several years after reengineering its production process, Zeke Corporation hired a new controller, Barb Joe. (Click the icon to view additional information.) The number of parts is now feasible allocation base because Zeke recently installed a plantwide computer system. Zeke 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, Zeke's budgeted ABC manufacturing overhead allocation rates are as follows: (Click the icon to view the additional data.) Read the requirements. Requirement 1. Compute the total budgeted manufacturing overhead cost for the upcoming year. (Enter the rates to two decimal places.) Zeke Corporation Total Budgeted Indirect Manufacturing Costs Budgeted Quantity of Activity Cost Total Budgeted Activity Cost Allocation Base Allocation Rate Indirect Cost Materials handling Machine setups Insertion of parts 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. Finishing Total budgeted indirect cost Print Done Data Table Data Table Activity Cost Allocation Rate $5.50 per part Activity Allocation Base Materials handling .... Number of parts Machine setup. Number of setups Insertion of parts Number of parts Finishing ...... Finishing direct labor hours $325.00 per setup Standard Deluxe Parts per wheel 8.0 10.0 Setups per 1,000 wheels 20.0 20.0 Finishing direct labor hours per wheel.... 1.5 2.5 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. $27.00 per part $52.00 per hour Print Done Print Done Enter any number in the edit fields and then click Check