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Gregory Enterprises produces two wheel rim models: standard and deluxe. The budgeted data for 2021 are as follows: The company has identified three cost pools to allocate overhead costs. The following estimates are provided for 2021: Using the ABC method, what is the unit cost of the standard wheel rim $3.5 $4 $4.35 $5 Assume a simple costing system using direct labor-hours as the only overhead cost driver, what is the unit cost of the standard product? $3.85 $4 $4.24 $5.35