Several years after reengineering its production process, Biltmore Corporation hired a new controller, Georgia Taylor. For the upcoming year, Biltmore's budgeted ABC manufacturing overhead allocation rates are as follows: The number of parts is now a feasible allocation base because Biltmore recently installed a plantwide computer system. Biltmore 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. (Enter the rates to two decimal places.) Biltmore Corporation Total Budgeted Indirect Manufacturing Costs Budgeted Quantity of Activity Cost Total Budgeted Activity Cost Allocation Base Allocation Rate Indirect Cost Materials handling 10,000 $3.00 $30,000 Machine setups 40 375.00 15,000 Insertion of parts 10,000 28.00 280,000 Finishing 3,800 55.00 209,000 Total budgeted indirect cost $534,000 Requirement 2.
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