Approximately Relevant ABC Silven Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $129,000 Number of setups 120 Ordering materials 18,000 Number of orders 900 Machining 113,400 Machine hours 9,450 Receiving 28,800 Receiving hours 1,200 Silven produces two models of cell phones with the following expected activity demands: Model X Model Y Units completed 4,500 9,000 Number of setups 40 Number of orders 300 600 Machine hours 5,400 4,050 Receiving hours 400 800 80 Required: 1. Determine the total overhead assigned to each product using the four activity drivers. Total Overhead Assigned Model X Model Y 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 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 %