The company expects to produce 500 units of each model during the year. Read the requirements. Edgar Company manufactures wheel rims. The controller expects the following ABC allocation rates for 2018: E: (Click the icon to view the allocation rates.) Edgar produces two wheel rim models: standard and deluxe. Expected data 2018 are as follows: (Click the icon to view the expected data.) Requirements Data Table Standard Deluxe 7.0 8.0 14.0 14.0 1. Compute the total estimated indirect manufacturing cost for 2018. Prior to 2018, Edgar used a single plantwide overhead allocation rate system with direct labor hours as the allocation base. Compute the predetermined overhead allocation rate based on direct labor hours for 2018. Use this rate to determine the estimated indirect manufacturing cost per wheel rim for each model, to the nearest cent. 3. Compute the estimated ABC indirect manufacturing cost per unit of each model for 2018. Carry each cost to the nearest cent. Parts per rim Setups per 500 rims Finishing hours per rim Total direct labor hours per rim 6.0 6.5 7.0 8.0 Print Done Print Done Data Table Predetermined Overhead Allocation Rate Activity Allocation Base Number of parts $7.00 per part 200.00 per setup Number of setups Materials handling Machine setup Insertion of parts Finishing 24.00 per part Number of parts Number of finishing hours 70.00 per hour