Problem 4-2A a, b1-b2 (Video) Schultz Electronics manufactures two ultra high-definition television models: the Rovale which sel ls for $1,580, 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 Royale Majestic Direct materials $640 $430 Direct labor ($20 per hour) 120 100 Manufacturing overhead ($42 per DLH) 252 210 Total per unit cost $1,012 $740 Majestic. The overhead rate of $42 per direct labor hour was determined by dividing total estimated manufacturing overbead of $8.410.600 hy the total direct labor hours (200.000) for the two models. Under traditional costing, the gross profit on the models was Royale $568 ($1,580 $1,012) and Majestic $580 ($1,320 - $740). Because Royale model and increasing the production of the Majestic model this difference, management is considering phasing out the prepare an analysis using activity-based costing (ABC). The controller accumulates the following information about overhead for the year Before finalizing its decision, management asks Schultz's controller ended December 31, 2020. Activity Cost Pools Estimated overhead Estimated Use of Activity-Bascd overhead Rate Cost Drivers Cost Drivers Purchasing Number of orders $1,428,000 40,800 $35/order Machine setups Number of setups $54/setup 1,058,400 19,600 119,900 Machining S,155,700 Machine hours $43/hour Quality contral $29/inspection Number of inspections 768,500 26,500 The cost drivers used for each product were: Cost Drivers Royale Majestic Total Purchase orders 18,000 22.800 40.800 Machine setups 6,000 13.600 19.600 Machine hours 75,000 44,900 119,900 16,500 Inspections 10,000 26,500 total 2020 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. 13.25 Royale Majestic Total assigned costs Cost per unit LINK TO TEXT VIDEO: SIMILA PROBLEM 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 Calculate gross profit of each model using ABC costing. (Round answers to 2 decimal places, e.g. 12.25.) Royale Majestic Gross profit t Open Show Work Click you would like to Show Work for this question: LINK TO TEXT VIDEO: SIMILAR