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g E4-25A (similar to) Question Help Several years after reengineering its production process, King Corporation hired a The number of parts is now a feasible allocation base because King recently new controller, Christine Erickson. installed a plantwide computer system. King produces two wheel models: i) (Click the icon to view additional information.) Standard and Deluxe. Budgeted data for the upcoming year are as follows: Click the icon to view the additional data.) For the upcoming year, King's budgeted ABC manufacturing overhead allocation rates are as follows: Read the requirements. (Click the icon to view the additional data.) Requirement 1. Compute the total budgeted manufacturing overhead cost for the upcoming year. (Enter the rates to two decimal places.) King 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 Imortion of parts Finishing Total budgeted indirect cost Enter any number in the edit fields and then click Check Answer. Check Answer 3 parts Clear All ninaininebudgeted ABC manufacturing overhead allocation Read the requirements. e additional data.) le t Requirements - X tal B 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 Lost will fialde and then click Check Answer.(Click the icon to view the additional da BC manufacturing overhead allocation i Data Table - X Activity Cost Activity Allocation Base Allocation Rate Materials handling . . .. Number of parts 4.00 per part Machine setup . . . . ... Number of setups $ 375.00 per setup Insertion of parts . ... . Number of parts $ 28.00 per part Finishing . .......... . Finishing direct labor hours $ 54.00 per hour Print Doneed ABC manufacturing overhead allocation (Click the icon to view the additional data.) nal da Data Table X udgete cimal places Kin Standard Deluxe ted In Parts per wheel 8.0 10.0 geted Setups per 1,000 wheels . . . . 20.0 20.0 t Alloc Finishing direct labor hours per wheel . .. . . 2.0 3.5 Total direct labor hours per wheel . . . . . . . 2.6 3.4 The company's managers expect to produce 1,000 units of each model during the year. Print Done