partial credit, E19-20 (similar to)

Elkin

Company manufactures wheel rims. The controller expects the following ABC allocation rates for

2018

:

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(Click the icon to view the allocation rates.)

Elkin

produces two wheel rim models: standard and deluxe. Expected data for

2018

are as follows:

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Activity	Allocation Base	Predetermined Overhead Allocation Rate
Materials handling	Number of parts	$2.00 per part
Machine setup	Number of setups	300.00 per setup
Insertion of parts	Number of parts	25.00 per part
Finishing	Number of finishing hours	70.00 per hour

(Click the icon to view the expected data.)

	Standard	Deluxe
Parts per rim	5.0	8.0
Setups per 500 rims	12.0	12.0
Finishing hours per rim	2.0	2.5
Total direct labor hours per rim	3.0	4.0

Compute the total estimated indirect manufacturing cost for 2018

.
2.	Prior to 2018

,

Elkin

used a single plantwide overhead allocation rate system with direct labor hours as the allocation base. Compute the predetermined overhead allocation rate based on direct labor hours for

2018

. Use this rate to determine the estimated indirect manufacturing cost per wheel rim for each model, to the nearest cent.
3.	Compute the estimated ABC indirect manufacturing cost per unit of each model for 2018

.

Carry each cost to the nearest cent.

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