Schultz Electronics manufactures two ultra high-definition television models: the Royale which sells for $1.480, and a new model, the Majestic, which sells for $1.320. The production cost computed per unit under traditional costing for each model in 2017 was as follows. Traditional Costing Direct materials Direct labor ($20 per hour) Manufacturing overhead (541 per DLH) Total per unit cost Royale $600 120 246 Majestic $430 100 205 $735 5966 In 2017. 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 expected manufacturing overhead of $8.131.020 by the total direct labor hours (200,000) for the two models Under traditional costing the gross profit on the models was Royale 551451.480 - $966) and Majestic 5585 (51,320 - 5735) 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 to the year ended December 31, 2017 controller accumulates the following information about overhead for the year ended December 31, 2017. Activity Cost Pools Purchasing Machine setups Machining Quality control Cost Drivers Number of orders Number of setups Machine hours Number of inspections Estimated Overhead $1.290,300 1,010,820 5,006,400 823,500 Expected Use of Cost Drivers 39.100 19.820 119,200 30,500 Activity-Based Overhead Rate $33/order $51/setup $42/hour $27/inspection The cost drivers used for each product were: Cost Drivers Purchase orders Machine setups Machine hours Inspections Royale 16.900 5,820 74,600 11,800 Majestic 22.200 14,000 44,600 18,700 Total 39.100 19.820 119,200 30.500 Assign the total 2017 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 $ $ e Textbook 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 S Calculate gross profit of each model using ABC costing. (Round answers to 2 decimal places, eg. 12.25.) Royale Majestic Gross profit $ S