The company expects to produce 500 units of each model during the year. Eaton Company manufactures wheel rims. The controller expects the following ABC allocation rates for 2018: (Click the icon to view the allocation rates.) Eaton produces two wheel rim models: standard and deluxe. Expected data for 2018 are as follows: Click the icon to view the expected data.) Read the requirements. Begin selecting the formula to compute the total estimated overhead (OH) costs. Total estimated overhead costs Predetermined overhead allocation rate Total estimated qly of the allocation base = Now compute the total estimated indirect manufacturing cost for 2018 Activity Total Estimated Indirect Manufacturing Cost $ 39.000 27,200 Materials handling Machine setup Insertion of parts Finishing 175,500 297.500 539,200 Total estimated indirect manufacturing cost Requirement 2. Prior to 2018, Eaton 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. First, select the formula, and then enter the amounts to compute the allocation rate. Allocation rate Choose from any list or enter any number in the input fields and then click Check Answer. ? X - Data Table i X ? Data Table Standard Deluxe Predetermined Overhead Allocation Rate Activity Allocation Base 3.0 10.0 17.0 17.0 Parts per rim Setups per 500 rims Finishing hours per rim Total direct labor hours per rim Materials handling Machine setup Insertion of parts Number of parts Number of setups Number of parts $6.00 per part 800.00 per setup 27.00 per part 2.0 6.5 3.0 7.0 Finishing Number of finishing hours 70.00 per hour Print Done Print Done IUGUMU