Unit III-ACCT 4006- Daily Worksheet Aiken Inc. manufactures cellular telephones. Model EX is a full-features smartphone, while Model LX is a basic flip phone. Aiken uses an activity-based costing system. The following are the relevant cost data for the previous month. Direct Cost per Unit Direct Materials Direct Labor Model EX $75 Model LX $40 35 25 Overhead Costs Category Unit level Batch level Product level Estimated Cost Cost Driver $ 50,000 Number of units 34.000 Number of setups 75.000 Number of parts Facility level 126,000 Machine hours Total $285,000 MODEL Number of Units Number of Setups Number of Parts Number of hours EX 1,000 units 10 setups 500 parts 4,000 hours LX 1,500 units 7 setups 250 parts 2,300 hours Totals Required: a. Compute the overhead rate for each activity pools. b. Determine the overhead cost allocated to each model. c. The current market price for smartphones comparable to Model EX is $450, and the price for flip phones comparable to Model LX is $300. If Aiken sold all of the units produced at current market prices, what was the profit or loss for each phone for the previous month?