Problam #1: Activity Based Costing total points The XYZ Company produces two of types widgets: standard and deluxe. The current cast sytem applies OH on the basis of DL hours. Mangomant is concerned about groding profit margins on the standard widgets. Information about the production process is presented below. standard deluxe total .L... quantity produced 8.650 066 selling price per wide $83.00 $225.00 DM cost por widget $10.75 $42.60 DL cost por widget $10.00 $13.00 DL cost per hour $19.00 $23,00 total OH (fixed cost $603,000 points (1) What is the gross profit per widget (per unit) using the current cost system? (4 points) standard deluxe total iprice $83.00 $225.00 DM $18.75 $42.60 DL $10.00 $13.00 OH gross profit gross margin 121 The president has asked you to do an ABC study to determine of the current accounting system