Please ignore the answers currently in the boxes. Those answers are incorrect, I am looking to answer all of the boxes listed first within the question.

Your answer is correct. Assign the total 2017 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.) Majestic Royale 4320610 Total assigned costs $ 3896400 Cost per unit 172.82 389.64 Calculate cost per unit of each model using ABC costing. (Round answers to 2 decimal places, eg. 12.25.) Royale Majestic Cost per unit $ 212.82 $ 909.64 e Textbook and Media Attempts: 4 of 5 (62) Calculate gross profit of each model using ABC costing. (Round answers to 2 decimal places, e.g. 12.25.) Royale Majestic Gross profit $ Show transcribed image text Schultz Electronics manufactures two ultra high-definition television models. the Royale which sells for $1,480, and a new model, the Majestic, which sells for $1,320. The production cost computed per unit under traditional costing for each model in 2020 was as follows. Traditional Costing R Direct materials Direct labor ($20 per hour) Manufacturing overhead ($41 per DLH) Total per unit cost oyale Majestic $600 $430 120 205 $966 $735 100 In 2020. Schultz manufactured 25,000 units of the Royale and 10,000 units of the Majestic. The overhead rate of $41 per direct labor hour was determined by dividing total estimated manufacturing overhead of $8,165,700 by the total direct labor hours (200,000) for the two models. Under traditional costing, the gross profit on the models was Royale $514 ($1,480 - $966) and Majestic $585 ($1,320 - $735). Because of this difference, management is considering phasing out the Royale model and increasing the production of the Majestic model. Before finalizing its decision, management asks Schultz's controller to prepare an analysis using activity-based costing (ABC). The controller accumulates the following information about overhead for the year ended December 31, 2020. Activity Cost Pools Cost Drivers Purchasing Number of orders Machine setups Number of setups Machining Machine hours Quality control Number of inspections Estimated Overhead $1,293.600 1,020,000 5,023,200 828,900 Estimated Use of Activity-Based Cost Drivers Overhead Rate 39,200 $33/order 20,000 $51/setup 119.600 $42/hour 30,700 $27/inspection The cost drivers used for each product were: Cost Drivers Royale Majestic Total Purchase orders 17,000 22,200 39,200 Machine setups 6,000 14.000 20.000 Machine hours 75,000 44.600 119,600 Inspections 12.000 18.700 30.700