Approximately Relevant ABC Silven Company has identified the following overhead activities, costs, and activity drivers for the coming year: Expected Cost $144,000 Activity Driver Number of setups Activity Capacity 120 Activity Setting up equipment Ordering materials Machining Receiving 20,700 Number of orders 900 Machine hours 126,000 27,360 10,500 1,140 Receiving hours Silven produces two models of cell phones with the following expected activity demands: Model X Model Y 5,900 Units completed Number of setups 11,800 40 80 Number of orders 300 600 Machine hours 6,000 4,500 Receiving hours 380 760 Required: 1. Determine the total overhead assigned to each product using the four activity drivers. Total Overhead Assigned Model X 184,020 Model Y 134,040 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. Percentage Error Model X % Model Y %