PLEASE PLEASE PLEASE HELP ME!

Several years after reengineering its production process, Zeke Corporation hired a new controller, Alice Brown. She developed an ABC system very similar to the one used by Zeke's chief rival. Part of the reason Brown developed the ABC system was because Zeke'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.

For the upcoming year, Zeke's budgeted ABC manufacturing overhead allocation rates are as follows:

The number of parts is now a feasible allocation base because Kane recently installed a plantwide computer system. Kane produces two wheel models: Standard and Deluxe. Budgeted data for the upcoming year are as follows:

Requirement 1. Compute the total budgeted manufacturing overhead cost for the upcoming year.

Requirement 2. Compute the manufacturing overhead cost per wheel of each model using ABC.

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.)

Now use the plantwide overhead rate to determine the manufacturing overhead cost per wheel.

Data Table Activity Cost Allocation Rate 4.00 per part 375.00 per setup Activity Allocation Base Materials handling..Number of Machine setup . Number of setups Insertion of parts . Number of parts Finishing .. . . .. . S $ 28.00 per part Finishing direct labor hours 54.00 per hour Print Done Data Table Standard Deluxe 8.0 20.0 2.0 2.6 10.0 20.0 3.5 3.4 Parts per wheel. Setups per 1,000 wheels Finishing direct labor hours per wheel Total direct labor hours per wheel The company's managers expect to produce 1,000 units of each model during the year Print Done Requirement 1. Compute the total budgeted manufacturing overhead cost for the upcoming year. (Enter th Kane Corporation Total Budgeted Indirect Manufacturing Costs Budgeted Quantity of Activity CostTotal Budgeted Activity Cost Allocation Base Allocation Rate Indirect Cost Materials handling Machine setups Insertion of parts Finishing Total budgeted indirect cost