Com Alla nd basic and E9-17 Compusing product coste In tredisienal and sciviry based csting yem verhead using ead has been partment. The Erkon Company manufectures whed The on er epes te fleng APC allocation rates for 2016 and s Predetermined Overhead Allocation Rate Activity Allocation Base Materials handing Number of parts Number of setups Number of parts Number of finishing hours al 3.00 per part Machine setup ansertion of parts Finishing 600 00 per setup 27.00 per part 80 00 per hour Erickson produces two wheel rim modele standand and deluse. Expected data fo 2016 are as follows Standard Deluxe Parts per rim 2.0 9.0 Setups per 500 rims Finishing hours per rim 14.0 14.0 2.0 2.5 Total direct hours per rim 3.0 5.0 The company expects to produce 500 units of each model during the year. nanu- Fries: ed Requiremen 1. Compute the total estimated indirect manufacturing cost for 2016. 2. Compute the estimated ABC indirect manufacturing Carry each cost to the nearest cent. cost per unit of each model. 3. Prior to 2016, Erickson used a direct labor hour single plantwide overhead allocation rate on direct labor hours for 2016. Use this rate to determine the estimated indirect manufacturing cost per wheel rim for each model, to the nearest system. Compute the predetermined overhead allocation rate based cent