Concord Electronics manufactures two ultra-high-definition television models: the Royale, which sells for $1,530, and a new model, the Majestic, which sells for $1.270. The production cost computed per unit under traditional costing for each model in 2022 was as follows Royale Majestic $640 $400 Traditional Costing Direct materials Direct labor ($20 per hour) Manufacturing overhead ($40.572 per DLH) Total per unit cost 120 100 243 203 $1.003 $703 in 2022. Concord manufactured 25,000 units of the Royale and 10,000 units of the Majestic. The overhead rate of $40.572 per direct labor hour was determined by dividing total estimated manufacturing overhead of $8,114,400 by the total direct labor hours (200,000) for the two models. Under traditional costing the gross profit on the models was Royale $527 (51,530 - $1,003) and Majestic $567 ($1,270 - $703), Because of this difference management is considering phasing out the Royale model and increasing the production of the Majestic model Before finalizing its decision management asks Concord's controller to prepare an analysis using activity-based costing (ABC). The controller accumulates the following information about overhead for the year ended December 31, 2022 Activity Cost Pools Estimated Overhead Estimated Use of Cost Drivers Activity-Based Overhead Rate Cost Drivers Purchasing $1,299,200 $32/order 40,600 Machine setups Number of orders Number of setups Machine hours 1,067,000 19.400 $55/setup $42/hour Machining 5,035,800 119.900 Quality control Number of inspections 712,400 27.400 $26/inspection The cost drivers used for each product were: Cost Drivers Royale Majestic Total Purchase orders 17,000 23,600 40,600 Machine setups 6,000 13.400 19.400 Machine hours 75.000 44.900 119.900 Inspections 11,000 16,400 27.400 Assign the total 2022 manufacturing overhead costs to the two products using activity-based costing (ABC) and determine the overhead cost per unit. (Round cost per unit to 2 decimal places, eg. 12.25.) Royale Majestic Total assigned costs S S $ Cost per unit Calculate cost per unit of each model using ABC costing. (Round answers to 2 decimal places, e.9. 12.25.) Royale Majestic Cost per unit Calculate gross profit of each model using ABC costing (Round answers to 2 decimal places, e.g. 12.25.) Royale Majestic Gross profit