Managerial Accounting Chapter 19 HW please show all requirements

Edgar Company manufactures wheel rims. The company produces two wheel rim models: standard and deluxe. For 2019, Edgar'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 whool 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, Edgar can produce either 2,000 standard rims or 2,000 deluxe rims. Read the requirements Requirement 1. If Edgar'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. Data Table i Data Table ABC Data Gross Profits Standard Deluxe Sales price Direct materials Direct labor Indirect Manufacturing Cost Per Unit Standard Deluxe ABC costs $ 199.80 $ 617.80 Single-rate costs $ 300.60 $ 511.00 Sales price Direct materials Direct labor Standard $ 700.00 S 31.00 45.00 Deluxe 940.00 48.00 50.00 Indirect manufacturing costs Gross profit per unit i Requirements Done 1. If Edgar'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 Edgar? Enter any number in the edit fields and then click Check