i Requirements X 1. If Elton's managers rely on the ABC unit cost data computed in 2018, 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 Elton? Print Done i Data Table Indirect Manufacturing Cost Per Unit ABC costs Single-rate costs Standard Deluxe 345.20 $ 475.20 $ 328.16 $ 492.24 Print Print Done Done Data Table Standard Deluxe Sales price 700.00 $ 940.00 Direct materials 31.00 48.00 Direct labor 45.00 50.00 Print Done Elton Company manufactures wheel rims. The company produces two wheel rim models: standard and deluxe. For 2019, Elton's managers have decided to use the same indirect manufacturing costs per wheel rim that they computed in 2018 using activity-based costing. HE (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, Elton can produce either 2,000 standard rims or 2.000 deluxe rims. Read the requirements Requirement 1. If Elton's managers rely on the ABC unit cost data computed in 2018, which model will they produce? Carry each cost to the nearest cent. (Ignore selling and administrative expenses for this calculation) 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