Approximately Relevant ABC Silver 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 $126,000 Number of setups 120 Ordering materials 20,700 Number of orders 900 Machining 95,200 Machine hours 11,900 Receiving 17,760 Receiving hours 1,110 Silven produces two models of cell phones with the following expected activity demands: Model X Model Y Units completed 5,600 11,200 Number of setups Number of orders 300 600 Machine hours 6,800 5,100 Receiving hours 370 80 40 740 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 assioned to each model using the two most expensive activities. The costs of the two relatively inexpensive activ BEN 5,600 80 11,200 40 300 600 Units completed Number of setups Number of orders Machine hours Receiving hours Required: 5,800 370 5,100 740 1. Determine the total overhead assigned to each product using the four activity drivers Total Overhead Assigned Model X Modely 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 adivities 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 3. ing ADC as the benchmark, calculate the percentage error Round your anwers to two decimal places Percentage Error Model Model