Schultz Electronics manufactures two ultra high-definition television models: the Royale which sells for $1,530, and a new model. the Majestic, which sells for $1.270. The production cost computed per unit under traditional costing for each model in 2020 was as follows. Traditional Costing Direct materials Direct labor ($20 per hour) Manufacturing overhead ($41 per DLH) Total per unit cost Royale $640 120 246 $1.006 Majestic $400 100 205 $705 in 2020, Schultz manufactured 25,000 units of the Royale and 10,000 units of the Majestic. The overhead rate of $41 per direct labor hour was determined by dividing total estimated manufacturing overhead of $8,114,400 by the total direct labor hours (200.000) for the two models. Under traditional costing, the gross profit on the models was Royale $524 ($1,530 - $1,006) and Majestic $565 ($1,270 - $705). 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 Cost Pools Purchasing Machine setups Machining Quality control Cost Drivers Number of orders Number of setups Machine hours Number of inspections Estimated Overhead $1.299.200 1,067,000 5,035,800 712,400 Estimated Use of Cost Drivers 40,600 19.400 119.900 27 400 Activity-Based Overhead Rate $32/order $55/setup $42/hour $26/inspection The cost drivers used for each product were: Cost Drivers Purchase orders Machine setups Machine hours Inspections Royale 17.000 6,000 75,000 11,000 Majestic 23,600 13.400 44,900 16,400 Total 40,600 19,400 119.900 27.400 Assign the total 2020 manufacturing overhead costs to the two products using activity-based costing (ABC) and determine the overhead cast per unit. (Round cost per unit to 2 decimal places, eg 12.25.) Royale Majestic $ $ Total assigned costs Cost per unit $ $ eTextbook and Media Calculate cost per unit of each model using ABC costing. (Round answers to 2 decimal places, eg. 12.25) Royale Majestic Cost per unit $ $ e Textbook and Media Calculate gross profit of each model using ABC costine. (Round answers to 2 decimal places, eg. 12.25.) Royale Majestic Gross profit $ eTextbook and Media