Edmund Company manufactures wheel rims. The company produces two wheel rim models: standard and deluxe. For 2019, Edmund's managers have decided to use the same indirect manufacturing costs per wheel rim that they computed in 2018 using activity-based costing (Click the loon to view the 2018 indirect manufacturing costs per wheel rim) In addition to the unit indirect manufacturing costs, the following data are expected for the company's standard and deluxe models for 2019 (Click the icon to view the expected information.) 1 Because of limited machine hour capacity, Edmund can produce either 2,000 standard rims or 2.000 deluxe rims. Read the requirements CID Requirement 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 cant. (Ignore selling and administrative expenses for this calculation) Use the ABC unit cost data to compute the gross profit per unit for each model Sales price Direct materials Direct labor ABC Data Gross Profits Standard Deluxe Indirect manufacturing costs Gross profit per unit Data table Indirect Manufacturing Cost Per Unit Standard Deluxe ABC costs $ 224.40 $ 344.40 Single-rate costs $ 227.52 $ 341.28 Print Done - X Data table Standard Deluxe Sales price $ 900.00 $ 1,040.00 Direct materials 34.00 51.00 Direct labor 48.00 54.00 Print Done - - X