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 icon 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) Because of limited machine hour capacity, Edmund can produce ather 2,000 standard rims or 2.000 deluxe rims Read the requirements Indirect manufacturing costs Gross profit per unit 503.60 $ 500.00 Edmund's managers will produce 2000 units of the Standard model to maximize income. Requirement 2. If the managers rely on the single plantwide overhead allocation rate cost data, which model will t Use the single plantwide allocation rate cost data to compute the gross profit per unit for each model (Round amounts to the nearest cent, $XXXX) Single-Allocation-Base Data Gross Profits Sales price Direct materials Direct labor Indirect manufacturing costs Gross profit per unit Standard Deluxe