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 $141,000 Number of setups 120 22,800 Number of orders 1,200 115,500 Machine hours 11,550 21,600 Receiving hours 1,080 Silven produces two models of cell phones with the following expected activity demands: Model X Model Y Units completed 4,600 9,200 Number of setups 80 40 Number of orders 400 800 Machine hours 6,600 4,950 Receiving hours 360 720 Required: 1. Determine the total overhead assigned to each product using the four activity drivers. Total Overhead Assigned Model X Model Y 174,800 126,100 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. Model X Model Y Total Overhead Assigned $ 188,002 X 113,556 X 3. Using ABC as the benchmark, calculate the percentage error. Round your answers to two decimal places. Model X Model Y Percentage Error % %