Exercise 17-5 (Algo) Product mix and plantwide rate versus activity-based costing LO P1, P3 Wess Company has limited capacity and can produce either its standard product or its deluxe product. Additional information follows. Per Unit Selling price Direct materials Direct labor Standard $ 82 Deluxe $115 41 31 46 361 1. Using a single plantwide rate, the company computes overhead cost per unit of $17 for the standard model and $22 for the deluxe model. Which model should the company produce? Hint Compute product cost per unit and compare that with selling price to get gross profit per unit 2. Using activity-based costing, the company computes overhead cost per unit of $3 for the standard model and $44 for the deluxe model. Which model should the company produce? Hint: Compute product cost per unit and compare that with selling price per unit to get gross profit per unit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 dinn artivity-haced costinn the company comnutes overhead rnet ner unit of 3 for the standard madal and c4d for the delive