Approximately Relevant ABC Silven Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Driver Activity Capacity 120 Activity Setting up equipment Ordering materials Machining Receiving Expected Cost $144,000 12,600 117,600 21,600 600 Number of setups Number of orders Machine hours Receiving hours 9,800 900 Silven produces two models of cell phones with the following expected activity demands: Model X Model Y 5,100 10,200 Units completed Number of setups 80 40 Number of orders 200 400 Machine hours 5,600 4,200 Receiving hours 300 600 Required: 1. Determine the total overhead assigned to each product using the four activity drivers. Total Overhead Assigned Model X Model Y 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 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 th 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 Model Y 3. Using ABC as the L Accounting numeric field ? percentage error. Round your answers to two decimal places. Percentage Error % Model X Model Y %