Several years after reengineering The number of parts is its production process, King now a feasible allocation Corporation hired a new base because King controller, Tammy English. recently installed a plantwide computer additional information.) system.Kingprodutwowheelmodels: For the upcoming year, King's Standard and Deluxe. budgeted ABC manufacturing Budgeted data for the overhead allocation rates are as upcoming year are as follows: follows: (Click the icon to view the (Click the icon to additional data.) view the additional data.) Data table Data table 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.) Trudall C.nrn Requirement 3. Compute Trudell's traditional plantwide overhead rate. Use this rate to determine the manufacturing overhead cost per wheel under the traditional system. Begin by identifying the formula to compute the current plantwide manufacturing overhead rate, then compute the rate. (Round your answer to the nearest cent.) Several years after reengineering The number of parts is its production process, King now a feasible allocation Corporation hired a new base because King controller, Tammy English. recently installed a plantwide computer additional information.) system.Kingprodutwowheelmodels: For the upcoming year, King's Standard and Deluxe. budgeted ABC manufacturing Budgeted data for the overhead allocation rates are as upcoming year are as follows: follows: (Click the icon to view the (Click the icon to additional data.) view the additional data.) Data table Data table 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.) Trudall C.nrn Requirement 3. Compute Trudell's traditional plantwide overhead rate. Use this rate to determine the manufacturing overhead cost per wheel under the traditional system. Begin by identifying the formula to compute the current plantwide manufacturing overhead rate, then compute the rate. (Round your answer to the nearest cent.)