View Polides Current Attempt in Progress Sheridan Electronics manufactures two ultra high-definition television models: the Royale which sells for $1.580, and a new model the Majestic, which sells for $1.320. The production cost computed per unit under traditional costing for each model in 2020 was as follows Traditional Costing Royale Majestic Direct materials $660 $400 Direct labor ($20 per hour 120 100 Manufacturing overhead ($40 per DLH) 240 200 Total per unit cost $1,020 $700 In 2020, Sheridan manufactured 25,000 units of the Royale and 10,000 units of the Majestic The overhead rate of sito per direct labor hour was determined by dividing total estimated manufacturing overhead of $8.045.000 by the total direct labor hours (200.000) for the two models. Under traditional costing the gross proft on the models was Royal $560 ($1.580 - 51.020) and Majestic 5620 ($1.320 - 57001 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 Sheridan's controller to prepare an analysis using activity based costing (ABC). The controller accumulates the following information about overhead for the year ended December 31, 2020, Activity Cost Pools Cost Drivers Estimated Overhead Estimated Use of Cost Drivers Activity-Based Overhead Rate Number of orders $1,308,800 $32/order Purchasing Machine setups Machining 40,900 18,000 936,000 552 setup Number of setups Machine hours Number of inspections 5.069.400 120.700 $42/hour Quality control 230.800 26.100 $28/inspection The cost drivers used for each product were Majestic Total Royale 18,000 Cost Drivers Purchase orders Machine stupe Machine hours 22.900 40,900 5.000 18.000 53.000 14,700 76000 1200700 inspection 10.000 14100 26.100 SLS 730.800 26,100 $28/inspection Quality control Number of inspections The cost drivers used for each product were: Cost Drivers Royale Majestic Total Purchase orders 18,000 22.900 40.900 Machine setups 5,000 13.000 18,000 Machine hours 76,000 44,700 120.700 Inspections 10,000 16,100 26.100 (a) Assign the total 2020 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 1225) Royale Majestic Total assigned costs $ $ Cost per unit $ Textbook and Media for at Attempts: 0 of 3 used Submit Answer (51) The parts of this question must be completed in order. This part will be available when you complete the part above (62) The parts of this must be completed in order. This part will be available when you complete the part above