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 $141,000 Number of setups 120 Ordering materials 19,800 Number of orders 900 Machining 81,900 Machine hours 9,100 Receiving 22,410 Receiving hours 1,245 Silven produces two models of cell phones with the following expected activity demands: Model X 5,500 80 Units completed Number of setups Number of orders Machine hours Receiving hours Model Y 11,000 40 600 3,900 300 5,200 415 830 Required: 1. Determine the total overhead assigned to each product using the four activity drivers. Total Overhead Assigned Model $ Model Y S 2. Determine the total overhead assigned to each model using the two most expensive activities. The costs of the 40 80 300 Number of setups Number of orders Machine hours Receiving hours Required: 600 3,900 5,200 415 830 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 X Model Y 2. Using ABC as the benchmark, calculate the percentage error. Round your answers to two decimal places Percentage Error Model X Model Y