Edmund Company manufactures wheel rims. The controller expects the following ABC allocation rates for $2024$:

$($Click the icon to view the allocation rates.$)$

Edmund produces two wheel rim models: standard and deluxe. Expected data for $2024$ are as follows:

$($Click the icon to view the expected data.$)$

The company expects to produce $500$ units of each model during the year.

Read the requirements.

Requirement $1.$ Compute the total estimated indirect manufacturing cost for $2024.$

Begin by selecting the formula to compute the total estimated overhead $(OH)$ costs.

Now compute the total estimated indirect manufacturing cost for $2024.$

Requirement $2.$ Prior to $2024,$ Edmund used a single plantwide overhead allocation rate system with direct labor hours as the allocation base. Compute the predetermined overhead allocation rate base

indirect manufacturing cost per wheel rim for each model, to the nearest cent.

First, select the formula, and then enter the amounts to compute the allocation rate.

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Requirements

Compute the total estimated indirect manufacturing cost for $2024.$

Prior to $2024,$ Edmund used a single plantwide overhead allocation rate

system with direct labor hours as the allocation base. Compute the

Need help with numbers provided in the requirements

predetermined overhead allocation rate based on direct labor hours for $2024.$

Use this rate to determine the estimated indirect manufacturing cost per

wheel rim for each model, to the nearest cent.

Compute the estimated ABC indirect manufacturing cost per unit of each

model for $2024.$ Carry each cost per unit to the nearest cent.

Data table