Several years ater reeng neering its preducson process, Kane Corporaion hired a new controller, Georgia Taylor. She developed an ABC syslem very similar tFor the upcoming year, Kane's budgeted ABC manufacturing overhead alocation rates are as folos the one used by Kane's chief rival, Hotbeach. Part of the reason Taylor developed the ABC system was because Kane's profits had been declining even though (Click the icon to viaw the additional data) the company had shited its product mix tow ard the product that had appeared most profitable under the old system. Before adopng the new ABC system, Kane had used a plantaide overhend rate based on drect labor hours that was developed years ago The number of parts is now a feasible allocation base bocause Kane rocenty installed a plantwide computer systom. Kane producos two whool modols: Standard and Deluxe Budgeled data for he upcoming year are as folows (Cick the icon to view the aditional data) Read the resirements Requirement 1. Compute the total budgeted manufacturing overhead coet for the upcoming year Kane Corporation Total Budgeted Indirect Manufacturing Costs Data Table -X i Data Table StandardDeluxe 4.0 20.0 1.0 Budgeted Quantity ofActivity Cs Total Budgeted Cost Allocation Base Allocation Rate Indirect Cost Activity Cost Parts per wheel Setups per 1,000 whools Finishing direct labor hours per whee Total direct labor hours per wheel 6.0 200 3 0 3.8 Actvity Activity Allocation Base Allocation Rate Materials handling Machine setups nsertion of parts Finishing otal budgebed indirect cos Requirement 2, Compute the manufactunna overhead cost per wheel of each model using ABCRoun Number of parts Number of setups Number of parts Finishing direct labor hours Matorials handing Machine setup 4.50 por part 325.00 per setup 31.00 per part 51.00 per hour 5 Insortion of parts S The comparmy's managers expect to produte 1,000 units of each model durng the yea Print Done Pint Done Kane Corporation ABC Indirect Manufacturing Cost per Unit Cost Quantity of Cost Allocation Base Used By: Allocated Activity Cost Per Wheel StandardDelu Activity Allocation Rate Delune Materials handling Machine setup Insertion of parts Finishing Choose from any list or enter any number in the input fields and then continue to the next