Silven Company has identified the following overhead activities, costs, and activity drivers for the coming y Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $126,000 Number of setups 120 Ordering materials 18,900 Number of orders 900 Machining 81,200 Machine hours 10,150 Receiving 21,360 Receiving hours 1,335 Silven produces two models of cell phones with the following expected activity demands: Model X Model Y 4,900 9,800 Units completed Number of setups 80 40 Number of orders 300 600 Machine hours 5,800 4,350 Receiving hours 445 890 Required: 1. Determine the total overhead assigned to each product using the four activity drivers. Total Overhead Assigned Model X Model Y 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 Model X $ Model Y $ 3. Using ABC as the benchmark, calculate the percentage error. Round your answers to two decimal places. Percentage Error Model X % Model Y %