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1.	Compute the total estimated indirect manufacturing cost for 2024.
2.	Prior to 2024, Elton 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 2024. 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 2024.Carry each cost per unit to the nearest cent.

Please include steps on how to answer each question.

Homework: Week 11 Chapter M:7 Save Score: 0 of 5 pts 2 of 6 (4 complete) HW Score: 48%, 12 of 25 pts Elton Company manufactures wheel rims. The controller expects the following ABC allocation rates for 2024: The company expects to produce 500 units of each model during the year. (Click the icon to view the allocation rates.) Read the requirements. Elton produces two wheel rim models: standard and deluxe. Expected data for 2024 are as follows: E (Click the icon to view the expected data.) wwwwwwwww ws por www. Standard model: $ 0 Data Table Deluxe model: : $ Requirement 3. Compute the estimated ABC indirect manufacturing cost per unit of each model for 2024. Carry each cost per unit to the nearest cent. Standard Deluxe Compute the costs per unit for the standard model first, then the deluxe model. (Carry the setup cost per rim to three decimal places. Round your final answers to the r Parts per rim 7.0 10.0 Allocated Mfg. . Allocated Mfg. 17.0 Setups per 500 rims 17.0 Activity OH Cost Per Rim OH Cost Per Rim Finishing hours per rim 3.0 6.5 Standard Deluxe Total direct labor hours per rim 7.0 9.0 Materials handling $ - X Machine setup i Data Table Insertion of parts Finishing Predetermined Overhead Total indirect cost per rim Activity Allocation Base Allocation Rate Materials handling Number of parts This question is complete. Move your cursor over or tap on the red arrows to see incorrect answers. Machine setup Number of setups All parts showing Insertion of parts Number of parts 24 per part Finishing Number of finishing hours 60.00 per hour $2.00 per part 200 per setup Print Done