Need help with b2 please and thanks!
Sheridan Electronics manufactures two ultra-high-denition television models: the Royale, which sells for $ 1,580, and a new model, the Majestic, which sells for $ 1,820. The production cost computed per unit under traditional costing for each model in 2022 was as follows. Traditional Costing Rcyale Majestic Direct materials $ 660 $ 400 Direct labor ($20 per hour} 120 100 Manufacturing overhead ($ 40.225 per DLH) 241 201 Total per unit cost $ 1,021 $ 701 In 2022, Sheridan manufactured 25,000 units of the Royale and 10,000 units of the Majestic. The overhead rate of $ 40.225 per direct labor hour was determined by dividing total estimated manufacturing overhead of $ 8,045,000 by the total direct labor hours (200,000) for the two models. Under traditional costing,the gross prot on the models was Royale $ 559 ($ 1,580 $ 1,021} and Majestic $ 619 ($ 1,320 $ 701}. Because of this difference, management is considering phasing out the Royale model and increasing the production of the Majestic model. Before nalizing its decision, management asks Sheridan's controller to prepare an analysis using activity-based costing {ABC}. The controller accumulates the following information about overhead for the year ended December 81, 2022. Activity Estimated Estimated Use of Activity- Based Cost Pools Cost Drivers Overhead Cost Drivers Overhead Rate Purchasing Number of orders $ 1,308,800 40,900 $ 32forder Machine setups Number of setups 936,000 18,000 $ 52/setup Machining Machine hours 5,069,400 120,700 $42/hour Quality control Number ofinspections 730,800 26,100 $ 28finspection The cost drivers used for each product were: Cost Drivers Royale Majestic Total Purchase orders 18,000 22,900 40,900 Machine setups 5,000 13,000 18,000 Machine hours 76,000 44,700 120,700 Inspections 10,000 16,100 26,100 Assign the total 2022 manufacturing overhead costs to the two products using activity-based costing (ABC) and determine the overhead cost per unit. (Round cost per unit to 2 decimal places, e.g. 12.25.) Royale Majestic Total assigned costs $ 4308000 $ 3737000 Cost per unit 172.32 $ 373.7 eTextbook and Media Attempts: 1 of 5 used (b1) V Your answer is correct. Calculate cost per unit of each model using ABC costing. (Round answers to 2 decimal places, e.g. 12.25.) Royale Majestic Cost per unit $ 952.32 $ 873.7 e Textbook and Media Attempts: 1 of 5 used (b2) Calculate gross profit of each model using ABC costing. (Round answers to 2 decimal places, e.g. 12.25.) Royale Majestic Gross profit $ $