Question 2 of 2 -75 View Policies Current Attempt in Progress Schultz Electronics manufactures two ultra high-definition television models: the Royale which sells 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 $650 $400 Direct labor ($20 per hour 120 100 Manufacturing overhead (542 per DEH 252 210 Total per unit cost $1,022 $710 In 2020, Schultz manufactured 25.000 units of the Royale and 10,000 units of the Majestic. The overhead rate of 542 per direct Labor hour was determined by dividing total estimated manufacturing overhead of $8.392.200 by the total direct labor hours (200,000) for the two models Under traditional costing the gross proht on the models was Royale $558 (51,580 - $1.022) and Majestic 5610 (51.320-5710). 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 Estimated Estimated Use of Activity Based Cost Pools Cost Drivers Overhead Cost Drivers Overhead Rate Purchasing Number of orders 51.329,400 39.100 $34/order Machine setups Number of setups 932,800 17.600 553/setup Machining Machine hours 5.332,500 118,500 $45/hour Quality control Number of inspections 797,500 27.500 $29/Inspection The cost drivers used for each product were Cost Drivers Purchase orders Machine setups Machine hours Inspections Royale 17.000 5.000 74,000 10.000 Majestic 22.100 12.600 44.500 17.500 Total 39.100 17,600 118.500 27.500 Assign the 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, eg 12.25) Assign the 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, es. 12.25.) Royale Majestic Total assigned costs $ $ Cost per unit $ eTextbook and Media Question Part Score --/166 Calculate cost per unit of each model using ABC costing (Round answers to 2 decimal places, eg. 12.25.) Royale Majestic Cost per unit $ eTextbook and Media Question Part Score -1.67 Calculate gross profit of each model using ABC costing (Round answers to 2 decimal places, eg. 12.25.) Royale Majestic Gross profit $ $ eTextbook and Media Question Part Score 167 Attempts of 5 used Suomi Ar