Approximately Relevant ABC Silven Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Setting up equipment Ordering materials Machining Receiving Expected Cost Activity Driver $138,000 Number of setups 13,200 Number of orders 107,800 Machine hours 28,050 Receiving hours Activity Capacity 120 600 9,800 1,275 Silven produces two models of cell phones with the following expected activity demands: Model X Model Y Units completed 4,300 8,600 Number of setups 80 40 Number of orders 200 400 Machine hours 5,600 Receiving hours 425 4,200 850 Required: 1. Determine the total overhead assigned to each product using the four activity drivers. Model X Model Y Total Overhead Assigned 167,350 119,700 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 dollar. Total Overhead Assigned Model X Model Y 3. Using ABC as the benchmark, calculate the percentage error. Round your answers to two decimal places. Model X Model Y Percentage Error % %