Wess Company has limited capacity and can produce either its standard product or its deluxe product. Additional information follows. Per Unit Selling price Direct materials Direct labor Standard $ 94 47 37 Deluxe $ 129 52 42 1. Using a single plantwide rate, the company computes overhead cost per unit of $18 for the standard model and $23 for the deluxe model. Which model should the company produce? Hint: Compute product cost per unit and compare that with selling price to get gross profit per unit. 2. Using activity-based costing, the company computes overhead cost per unit of $2 for the standard model and $47 for the deluxe model. Which model should the company produce? Hint: Compute product cost per unit and compare that with selling price per unit to get gross profit per unit. Required 1 Required 2 Using a single plantwide rate, the company computes overhead cost per unit of $18 for the standard model and $23 for the deluxe model. Which model should the company produce? Hint: Compute product cost per unit and compare that with selling price to get gross profit per unit. (A negative gross profit should be indicated with a minus sign.) Direct Labor Overhead Product Cost per unit Product cost per unit: Standard Deluxe Direct materials $ 47 $ $ 52 $ 37 42 Selling price Product cost Gross profit Gross profit per unit: Standard Deluxe Which model should the company produce? Required 1 Required 2 Using activity-based costing, the company computes overhead cost per unit of $2 for the standard model and $47 for the deluxe model. Which model should the company produce? Hint: Compute product cost per unit and compare that with selling price per unit to get gross profit per unit. Direct labor Overhead Product Cost per Unit Product cost per unit: Standard Deluxe Direct materials $ 47 $ $ 52 $ 37 42 Selling price Product cost Gross profit Gross profit per unit: Standard Deluxe Which model should the company produce