Question Help Elton Company manufactures wheel rims. The company produces two wheel rim in addition to the unit indirect manufacturing costs, the following data are expected models: standard and deluxe. For 2019, Elton's managers have decided to use the for the company's standard and deluxe models for 2019 same indirect manufacturing costs per wheel rim that they computed in 2018 using ng m (Click the icon to view the expected information) activity-based costing. Because of limited machine hour capacity, Elton can produce either 2.000 (Click the icon to view the 2018 indirect manufacturing costs per wheelrim) per weerim standard rims or 2.000 deluerims Read the ruitement i Data Table Data Table - X Int(ignore Indirect Manufacturing Cost Per Unit Standard Deluxe ABC costs $ 210.80 $ 510,80 Single-rate costs $ 288.64 $ 432.96 Sales prices Direct materials Direct labor Standard Deluxe 800.00 $ 1,040.00 31.00 47.00 45.00 54.00 Print Done Print Done Requirement 1.1 Elton's managers rely on the ABC unit cost data computed In 2018, which model will they produce? Carry each cost to the nearest cent. (ignore seling and administrative expenses for this calculation) Use the ABC unit cost data to compute the gross profit per unit for each model. ABC Data Gross Profits Standard Deluxe Sales price Direct materials Direct labor Indirect manufacturing costs Gross profit per unit Elton's managers will produce 2000 units of the model to macimize income Requirement 2. If the managers rely on the single plantwide overhead allocation rate cost data, which model will they produce? Use the single plantwide allocation rate cost data to compute the gross profit per unit for each model (Round amounts to the nearest cent XX) Single-Allocation-Base Data Gross Profits Standard Deluxe Sales price Direct materials Direct labor Indirect manufacturing costs Gross profit per unit if they rely on the single plantwide allocation rate cost data Elton's managers will produce the model it will appear to maxime income Requirements which course of action will yield mere vicome for Elton? on? Elton will earn more income by producing the model dita are generally more accurate than