Silven Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Setting up equipment $129,000 17,100 Ordering materials Machining 87,500 Receiving 24,900 Silven produces two models of cell phones with the following expected activity demands: Model X Model Y 4,700 80 300 5,000 415 Units completed Number of setups Number of orders Machine hours Receiving hours Required: Model X Model Y Model X Model Y 1. Determine the total overhead assigned to each product using the four activity drivers. Total Overhead Assigned 150,000 108,500 Activity Driver Number of setups Number of orders Machine hours Receiving hours Model X Model Y 9,400 40 600 3,750 830 Activity Capacity 2. Determine the total overhead assigned to each model using the two most expensive activities. The costs of the two relatively inexpensive activities are allocated to the two expensive activities in proportion to their costs, Round interim calculations to two decimal places and round your final answers to the nearest dollar. Total Overhead Assigned Percentage Error % 120 900 8,750 1,245 3. Using ABC as the benchmark, calculate the percentage error, Round your answers to two decimal places.

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