Edmund Company manufactures wheel rims. The company produces two wheel rim models: standard and deluxe. For 2019, Edmund's managers have decided to In addition to the (Click the ic Because of limit use the same indirect manufacturing costs per wheel rim that they computed in 2018 using activity-based costing EEB (Click the icon to view the 2018 indirect manufacturing costs per wheel rim.) Read the require Use the ABC unit cost data to compute the gross profit per unit for each model ABC Data Gross Profits Standard Deluxe Sales price Direct materials Direct labor Indirect manufacturing costs Gross profit per unit Edmund's managers will produce 2000 units of the Requirement 2. If the managers rely on the single plantwide overhead allocation rate cost data, which model will they produce? Use the single plantwide allocation rate cost data to compute the gross profit per unit for each model. (Round amounts to the nearest cent, SX.XX.) model to maximize income Single-Allocation-Base Data Gross Profits Standard Deluxe Sales price Direct materials Direct labor Indirect manufacturing costs Gross profit per unit If they rely on the single plantwide allocation rate cost data, Edmund's managers will produce the mode It will appear to maximize income Requirement 3. Which course of action will yield more income for Edmund? Edmund will earn more income by producing the V model ata are generally more accurate than data Enter any number in the edit fields and then continue to the next question. Requirements 1. If Edmund's managers rely on the ABC unit cost data computed in 2018, which model will they produce? Carry each cost to the nearest cent. (lgnore selling and administrative expenses for this calculation.) 2. If the managers rely on the single plantwide overhead allocation rate cost data, which model will they produce? 3. Which course of action will vield more income for Edmund? Print Done Indirect Manufacturing Cost Per Unit Standard Deluxe $409.80 $ 490.80 $360.24 $ 540.36 ABC costs Single-rate costs PrintDone Standard Deluxe Sales price Direct materials Direct labor $700.00 $ 940.00 48.00 50.00 31.00 45.00 PrintDone