K Ekin Company manufactures wheel rims. The company produces two wheel rim models: standard and deluxe. For 2025, Ekin'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) Data table - x 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 requirements Sales price Direct materials Direct labor Gross profit per uni 0 Get more help- Standard Data table Deluxe ed in $ 700.00 $ 940.00 31.00 48.00 del Indirect Manufacturing Cost Per Unit 45.00 50.00 Standard Deluxe eluxe ABC costs $ 336.80 $ 436.80 Single-rate costs $ 290.10 $ 483.50 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? Print Done - X elling and administrative Clear all Check ansa Requirement 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) Use the ABC unit cost data to compute the gross profit per unit for each model. Sales price Direct materials ABC Data Gross Profits Standard Deluxe Direct labor Indirect manufacturing costs Gross profit per unit