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Data table In 2025, Edmund's managers used the same indirect manufacturing costs per wheel rim that they computed in 2024 using activity-based costing. In addition to the unit indirect manufacturing costs, the following data are expected for the company's standard and deluxe models for 2025. Edmund Company manutactures wheel rims. The controler budgeted ABC alocation rates for 2024. Edmund produces two wheol rim models; standard and deluxe. Budgeled data for 2024 are as follows: (Clek the icon to vew the 2024 alccation rates and budgeted data). (Cick the icon to view additional information, bodgeted information and the deluxe unit. cest calculation) Controller Murray Bire is surprised by the incrobse nn cost of the Gelaxe model under ABC He had a market resoarch study conducted. (Cick the icon to vow the rasults of the market ebsearch) Would implementing the value engineoring recormmendation inatile Edmund is achiers its target cost for the delixe rim? Edmund Company manufactures wheel riens. The controler budgeted ABC atocation raves foe 2024. Edrnund produces ho wheel rim models: atandard and delises. Budposed data for 2024 are an fohlow: (Click the kon to view the 2024 allocabon rates and budgeted data) (Cick the kon to vew additionar infomation, budgeted information and the deluse unit cost evaration.) Controller Murray Bird is aurprised by the increase in cost of the deluxe modal under ABC: He had a market research study conducted. (Ciick the icon to viow the reailite of the markat research.) Would implementing the value engineering recommendation enatie Edrund to achave ss target cost for the deluxe rim? Begin by selocting the formula to allocale overwead (OH) costs. Then enter the amou Data table More info Morket research shows that for the deluce rim to provide a reasonabie proft. Edmund wit have to meet a target manufscturing cost of 68400 per in. A value engineoring stucy by Edmind's employees suggests that modfifations is the frishing process could cut finisting cost from $70.00 to $60.00 per hour and reduce the finishing diredt laboc hours por dotues im from 6.5 hours to 6.0 hours. Direct materis would reman unchanged at $48.00 par rim. as would direct laber at 550.00 per rim. The malenals handing, machine setup, and insertion of parts activity costs also vould remain the sarne. More info Market research shows that for the deluxe rim to provide a reasonable profit, Edmund will have to meet a target manufacturing cost of 684.00 per rim. A value engineering study by Edmund's employees suggests that modifications to the finishing process could cut finishing cost from $70.00 to $60.00 per hour and reduce the finishing direct labor hours per deluxe rim from 6.5 hours to 6.0 hours. Direct materials would remain unchanged at $48.00 per rim, as would direct labor at $50.00 per rim. The materials handling, machine setup, and insertion of parts activity costs also would remain the same