X Help Data Table O i E4-25A (similar to) Several years after reengineering its production process, King Corporation hired a new controller, Rachael Johnson. (Click the icon to view additional information.) For the upcoming year, King's budgeted ABC manufacturing overhead allocation rates are as follows: (Click the icon to view the additional data.) Thd con upc ride the Red Activity Cost Activity Allocation Base Allocation Rate Materials handling .... Number of parts s 5.50 per part Machine setup...... Number of setups $325.00 per setup Insertion of parts ..... Number of parts $ 27.00 per part Finishing .......... Finishing direct labor hours $ 52.00 per hour Requirement 1. Compute the total budgeted manufacturing overhead cost for the upcoming year. (Enter the rate 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 Insertion of parts Print Done Enter any number in the edit fields and then click Check Answer. She developed an ABC system very similar to the one used by King's chief rival. Part of the reason Johnson developed the ABC system was because King's profits had been declining even though the company had shifted its product mix toward the product that had appeared most profitable under the old system. Before adopting the new ABC system, the company had used a plantwide overhead rate based on direct labor hours that was developed years ago. ? 3 parts Clear All remaining E4-25A (similar to) Question Help Several years after reengineering its production process, King Corporation hired a new controller, Rachael Johnson (Click the icon to view additional information.) The number of parts is now a feasible allocation base because King recently installed a plantwide computer system. King produces two wheel models: Standard and Deluxe. Budgeted data for the upcoming year are as follows: (Click the icon to view the additional data) .Eartbe upcoming year King's budaptec ABC.canufacturinn verhead alloration rates are as follows: Data Table Read the requirements i Requirements Standard Deluxe Parts per wheel............... 8.0 10.0 Setups per 1,000 wheels 20.0 20.0 Finishing direct labor hours per wheel ... 1.5 2.5 Total direct labor hours per wheel ........ 2.7 3.8 The company's managers expect to produce 1,000 units of each model during the year. 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 ? Print Done Clear All Check Answer Several years after reengineering its production process, King Corporation hired a new controller, Christine Erickson Click the loon to view additional information) For the upcoming year, King's budgeted ABC manufacturing overhead allocation rates are as follows: (Click the icon to view the additional data) The number of parts is now af computer system. King produces upcoming year are as follows (Click the icon to view the ad Read the requirements Requirement 2. Compute the manufacturing overhead cost per wheel of each model using ABC. (Round the cost allocation base to three decim King Corporation ABC Indirect Manufacturing Cost per Unit Cost Quantity of Cost Allocation Allocated Activity Activity Allocation Rate Base Used By: Cost Per Wheel Standard Deluxe Standard Deluxe Material handling Machine setup Insertion of parts Fishing Total ABC allocated indirect cost Requirement 3. Compute the company's traditional plantwide overhead rate. Use this rate to determine the manufacturing overhead cost per who Begin by identifying the formula to compute the current partaide manufacturing overhead rate, then compute the rate (Round your answer to the nu Haeunde mau gi tun Choose from any list or enter any number in the input fields and then continue to the next question MacBook Pro wo ** 7 2 3 $ 4 % 5 6 & 7 Q w E R T Y A S D G H N V B Requirement 3. Compute the company's traditional plantwide overhead rate. Use this rate to determine the manufacturing overhead cost per wheel under the traditional system Begin by identifying the formula to compute the current plantwide manufacturing overhead rate, then compute the rate. (Round your answer to the nearest cent) Plantwide overhead rate per DL hour Now use the plantwide overhead rate to determine the manufacturing overhead cost per wheel. (Round your answers to the nearest cert) Manufacturing overhead Standard Deluxe Choose from any list or enter any number in the input fields and then continue to the next