Several years after reengineering its production process, Zippy Corporation hired a new controller, Georgia Taylor. (Click the icon to view additional information.) For the upcoming year, Zippy's budgeted ABC manufacturing overhead allocation rates are as follows: 5 Click the icon to view the additional data.) The number of parts is now a feasible allocation base because Zippy recently installed a plantwide computer system. Zippy 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 requirements. Requirement 1. Compute the total budgeted manufacturing overhead cost for the upcoming year. (Enter the rates to two decimal places.) Zippy 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 Finishing Total budgeted indirect cost 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. Print Done X 0% Data Table 200 now a twide Pelux lew th Standard Deluxe Parts per wheel.. 6.0 8.0 Setups per 1,000 wheels 10.0 10.0 Finishing direct labor hours per wheel ... 1.0 3.0 Total direct labor hours per wheel........ 2.7 3.3 The company's managers expect to produce 1,000 units of each model during the year. the ra Print Done Data Table Activity Allocation Base Materials handling .... Number of parts Machine setup Number of setups Insertion of parts ..... Number of parts Finishing Finishing direct labor hours Activity Cost Allocation Rate $3.50 per part $450.00 per setup $30.00 per part $53.00 per hour