Elkin Company manufactures wheel rims. The company produces two wheel rim models: standard and deluxe. For 2025, Elkin's managers have decided to use the same indirect manufacturing costs per wheel rim that they computed in 2024 using activity-based costing. (Click the icon to view the 2024 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 2025 : (Click the icon to view the expected information.) Because of limited machine hour capacity, Elkin can produce either 2,000 standard rims or 2,000 deluxe rims. Read the Use the ABC unit cost data to compute the gross profit per unit for each model. Data table Data table Requirements 1. If Elkin's managers rely on the ABC unit cost data computed in 2024, which model will they produce? Carry each cost to the nearest cent. (Ignore 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 yield more income for Elkin