Approximately Relevant ABC 1,200 siven Company has identified the following overhead activities, costs, and activity drivers for the coming years Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $138,000 Number of setups 120 Ordering materials 13,500 Number of orders 900 Machining 101,500 Machine hours 10,150 Receiving 24,000 Receiving hours Siven produces two models of cell phones with the following expected activity demands: Model X Model Y Units completed 5.100 10,200 Number of setups 80 40 Number of orders 300 600 Machine Hours 5,800 4,350 Receiving hours 400 800 Required: 1. Determine the total overhead assigned to each product using the four activity drivers. Total Overhead Assigned Model X 92,000 X Model Y 46,000 X 2. Determine the total overhead assigned to each model using the two most expensive activities. The costs of the two relatively inexpensive activitles are allocated to the two expensive activities in proportion to their costs. Round Interim calculations to two decimal places and round your final answers to the nearest dollar Total Overhead Assigned Model X 4,500 x 9.000 x Modely Receiving hours 400 Blog Required: 1. Determine the total overhead assigned to each product using the four activity drivers Total Overhead Assigned Model X 92,000 X Model Y 46,000 X 2. Determine the total overhead assigned to each model using the two most expensive activities. The costs of the two relatively inexpensive activities are allocated to the two expensive activities in proportion to their costs. Round interim calculations to two decimal places and round your final answers to the nearest dolar Total Overhead Assigned Model X 4,500 x Model Y 9,000 X 3. Using ADC as the benchmark, calculate the percentage error. Round your answersyo two decimal places Percentage Error Model X % Modely Check 1. Activity Rate Expected cost activity capacity overhead Cost - Activity Rotex Expected Activity demand 2. New Cost Pools - Expected Cont+ (Expected Cont+Total two most expensive) x two least expensive). New activity rates - Above calculation Activity Capeoty. This answer is used to calculate the Total Ossigned to each Model 3. Percentage error (Total approx. ABC cost-Activity cost assignment) + Activity cost antigament. Discuss desirability