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 $132,000 Number of setups 120 Ordering materials 9,600 Number of orders 600 Machining 91,350 Machine hours 10,150 Receiving 17,550 Receiving hours 975 Silven produces two models of cell phones with the following expected activity demands: Model X Model Y 4,200 8,400 Units completed Number of setups 80 40 200 400 Number of orders Machine hours 5,800 4,350 Receiving hours 325 650 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 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 %