Approximately Relevant ABC Silven Company has identified the following overhead activities, costs, and activity drivers for the coming years Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $126.000 Number of setups 150 Ordering materials 18,000 Number of orders Machining 126,000 Machine hours 10,500 Receiving 30.000 Receiving hours 1.250 900 Silven produces two models of cell phones with the following expected activity demands: Model X Modely Units completed 5,000 10,000 Number of setups 100 50 600 Number of orders Machine hours Receiving hours 300 6.000 375 4,500 875 Required: 1. Determine the total overhead assigned to each product using the four activity drivers Total Overhead Assigned Model 171.000 Model Y 129,000 2. Determine the total overhead n d to each model using the two most expensive activities. The cost 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 1. Vetemine the total oveneau assigned to each product Using the four a QUICY onvers. 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. Total Overhead Assigned Model X Model Y 3. Using ABC as the benchmark, calculate the percentage error. Round your answers to Percentage Error Model X Model Y 1. Activity Rate = Expected cost activity capacity. Overhead Cost = Activity Ratex Expected Activity demand 2. New Cost Pools = Expected Cost + [(Expected Cost+Total two most expensive) x two least expensive). New activity rates = Above calculation Activity Capacity. This answer is used to calculate the Total OH assigned to each Model. . 3. Percentage error (Total approx. ABC cost-Activity cost assignment) + Activity cost assignment. Discuss