Schultz Electronics manufactures two Enter your search term the Royale which sells for $1,480, and a new model, the Majestic, which sells for $1,320. The p traditional costing for each model in 2020 was as follows. Traditional Costing Royale Majestic Direct materials $650 $410 Direct labor ($20 per hour) 120 100 Manufacturing overhead ($42 per DLH) 252 210 Total per unit cost $1,022 $720 In 2020, Schultz manufactured 25,000 units of the Royale and 10,000 units of the Majestic. The overhead rate of $42 per direct labor hour was determined by dividing total estimated manufacturing overhead of $8,476,600 by the total direct labor hours (200,000) for the two models. Under traditional costing, the gross profit on the models was Royale $458 ($1,480-$1.022) and Majestic $600 ($1,320-$720). 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-Based Overhead Rate Activity Cost Pools Cost Drivers Estimated Overhead Estimated Use of Cost Drivers Purchasing Number of orders $1,258,600 40,600 $31/order Machine setups Number of setups 990,000 18,000 $55/setup Machining Machine hours 5,445,000 121,000 $45/hour Quality control Number of inspections 783,000 29,000 $27/inspection The cost drivers used for each product were: Cost Drivers Royale Majestic Total Purchase orders 17,000 23,600 40,600 Machine setups 6,000 12,000 18,000 Machine hours 75,000 46,000 121,000 Inspections 12,000 17.000 29,000 (a) 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.) Royale Total assigned costs $ Cost per unit eTextbook and Media Save for Later Majestic Assistance Used Attempts: 0 of 3 used Submit Answer (b1) The parts of this question must be completed in order. This part will be available when you complete the part above. (b2) The parts of this question must be completed in order. This part will be available when you complete the part above