Schult Electronics manufactures two ultra high-definition television models: the Royale which sells for $1,530, and a new model, the Majestic, which was for $1.270. The productions computed per unit under traditional costing for each model in 2020 was as follows. Traditional Casting Royale Majestic Direct materials $680 $390 Direct labor ($20 per hour) 120 100 Manufacturing overhead (541 per DLM) 205 Total per unit cost $1,046 $695 246 In 2020, Schultz manufactured 25,000 units of the Royale and 10,000 units of the Majestic. The overhead rate of 541 per direct labor hour was determined by dividing total estimated manufacturing overhead of $8,178,000 by the total direct labor hours (200,000) for the two models Under traditional costing, the gross profit on the models was Royale $484 (51,530 - $1,046) and Majestic $575(81,270 - $695). Because of the 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 $1,292,800 40.400 $32/order Machine setups Number of setups 994,500 19,500 $51/setup Machining Machine hours 5,095,500 118,500 $43/hour Quality control Number of inspections 795,200 28.400 $28/inspection Total The cost drivers used for each product were Cost Drivers Royale Purchase orders 17,000 Machine setups 6,000 Machine hours 74,000 Inspections 12,000 40.400 Majestic 23,400 13,500 44,500 16,400 19,500 118,500 28.400 CALCULATOR PRINTER VERSION BACK NEX Machine setups Machining Quality control Number of setups Machine hours Number of inspections 994,500 5,095,500 795,200 19,500 118,500 28,400 $51/setup $43/hour $28/inspection The cost drivers used for each product were: Total Cost Drivers Purchase orders Machine setups Machine hours Inspections Royale 17,000 6,000 74,000 12,000 Majestic 23,400 13,500 44,500 16,400 40,400 19,500 118,500 28.400 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, e.g. 12.25.) Royale Majestic Total assigned costs 4368000 3810000 $ Cost per unit 174.72 381.00 Calcutata cost per unit of each model using ABC costing (Round answers to 2 decimal places.. 12.25.) Royale Majestic Cost per unit 174.72 381.00 Calculate gross profit of each model using ABC costing (Round answers to 2 decimal placer ep. 12.25.) Royale Majestic Gross profit Announcements Purchase orders Machine setups Machine hours Inspections 17,000 6,000 74,000 12,000 23,400 13,500 44,500 16,400 40,400 19,500 118,500 28,400 Assign the total 2020 manufacturing overhead costs to the two products using activity-based costing (ABC) and determine theo places, e.g. 12.25.) Royale Majestic Total assigned costs 4368000 3810000 $ Cost per unit 174.72 381.00 $ Calculate cost per unit of each model using ABC costing. (Round answers to 2 decimal places, e.4. 12.25.) Royale Majestic Cost per unit 174.72 381.00 $ Calculate gross profit of each model using ABC costing. (Round answers to 2 decimal places, e.g. 12.25.) Royale Majestic Gross profit Click if you would like to Show Work for this question: Open Show Work Question Attempts of