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 Activity Capacity $126,000 Number of setups 150 18,000 Number of orders 900 126,000 Machine hours 10,500 30,000 Receiving hours 1,250 Sliven produces two models of cell phones with the following expected activity demands: Model X Model Y Units completed 5,000 10,000 Number of setups 100 50 Number of orders 300 600 Machine hours 6,000 4,500 Receiving hours 375 875 Required: 1. Determine the total overhead assigned to each product using the four activity drivers Model X Model Y Total Overhead Assigned 171,000 129,000 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. In your calculations round interim calculations to the nearest cent and round your final answers to the nearest dollar. Model X Model Y Total Overhead Assigned 185,800 X 114,350 X 3. Using ABC as the benchmark, calculate the percentage error. Round your answers to one decimal place. Model X Model Y Percentage Error