The company expects to produce 500 units of each model during the year. Easton Company manufactures wheel rims. The controller expects the following ABC allocation rates for 2018: E (Click the icon to view the allocation rates.) Easton produces two wheel rim models: standard and deluxe. Expected data for 2018 are as follows: BE! (Click the icon to view the expected data.) Read the requirements. .... Requirement 1. Compute the total estimated indirect manufacturing cost for 2018. edi Begin by selecting the formula to compute the total estimated overhead (OH) costs. Total estimated overhead costs mpany manufactures wheel rims. The controller e following ABC allocation rates for 2018: the icon to view the allocation rates.) The company expects to produce 500 units during the year. Read the requirements. Data Table Predetermined Overhead Allocation Rate Allocation Base Activity Materials handling Machine setup Number of parts Number of setups Number of parts $5.00 per part 300.00 per setup 27.00 per part 30.00 per hour Insertion of parts Finishing Number of finishing hours Print Done 1 Data Table Standard Deluxe 3.0 9.0 16.0 16.0 Parts per rim Setups per 500 rims Finishing hours per Total direct labor hours per rim rim 2.0 4.5 4.0 8.0 Print Done Requirements 1. Compute the total estimated indirect manufacturing cost for 2018. 2. Prior to 2018, Easton 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. Print Done