Question Help Several years after reengineering its production process, Biltmore Corporation hired a new controller, Tammy English. (Click the icon to view additional information.) The number of parts is now a feasible allocation base because Biltmore recently installed a plantwide computer syste Biltmore produces two wheel models: Standard and Deluxe. Budgeted data for the upcoming year are as follows: E: (Click the icon to view the additional data.) For the upcoming year, Biltmore's budgeted ABC manufacturing overhead allocation rates are as follows: B (Click the icon to view the additional data.) Read the requirements. Data Table Requirement 1. Compute the total budgeted manufacturing overhead cost for the upcoming year. (Enter the rates to two decimal places.) Biltmore Corporation Total Budgeted Indirect Manufacturing Costs Activity Cost Activity Allocation Base Allocation Rate Budgeted Quantity of Cost Allocation Base Activity Cost Allocation Rate Total Budgeted Indirect Cost Activity Materials.handling. ... . Number of parts $ 5.50 per part Machine setup. ....... Number of setups $ 325.00 per setup Insertion of parts...... Number of parts $ 24.00 per part Finishing ............ Finishing direct labor hours $ 57.00 per hour Materials handling Machine setups Insertion of parts Finishing Print Done Total budgeted indirect cost Requirement 2. Compute the manufacturing overhead cost ner wheel of each model using ABC. (Round the cost allocation base to three decimals and cost per wheel to the nearest cent.) Question Help Several years after reengineering its production process, Biltmore Corporation hired a new controller, Tammy English. (Click the icon to view additional information.) The number of parts is now a feasible allocation base because Biltmore recently installed a plantwide computer syste Biltmore produces two wheel models: Standard and Deluxe. Budgeted data for the upcoming year are as follows: E: (Click the icon to view the additional data.) For the upcoming year, Biltmore's budgeted ABC manufacturing overhead allocation rates are as follows: B (Click the icon to view the additional data.) Read the requirements. Data Table Requirement 1. Compute the total budgeted manufacturing overhead cost for the upcoming year. (Enter the rates to two decimal places.) Biltmore Corporation Total Budgeted Indirect Manufacturing Costs Activity Cost Activity Allocation Base Allocation Rate Budgeted Quantity of Cost Allocation Base Activity Cost Allocation Rate Total Budgeted Indirect Cost Activity Materials.handling. ... . Number of parts $ 5.50 per part Machine setup. ....... Number of setups $ 325.00 per setup Insertion of parts...... Number of parts $ 24.00 per part Finishing ............ Finishing direct labor hours $ 57.00 per hour Materials handling Machine setups Insertion of parts Finishing Print Done Total budgeted indirect cost Requirement 2. Compute the manufacturing overhead cost ner wheel of each model using ABC. (Round the cost allocation base to three decimals and cost per wheel to the nearest cent.)