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lem #1: Activity Based Costing understates the gross margin on standard widgets. You find the following Information about the OH costs in an ABC context. Complete the template below showing the full manufacturing The XYZ Company produces two of types widgets: standard and deluxe. The current cost sytem cost per widget under ABC. (6 points) applies OH on the basis of DL hours. Mangement is concerned about eroding profit margins on the standard widgets. Information about the production process is presented below. cost category cost cost driver production scheduling $194,000 # production runs standard deluxe total facility lease $288,000 #square feet quantity produced 8,650 068 maintenance $201,000 # machine hours selling price per widget $83.00 $225.00 total $683,000 DM cost per widget $18.75 $42.60 DL cost per widget $10.00 $13.00 cost driver quantity DL cost per hour $19.00 $23.00 cost category standard deluxe total OH (fixed cost) $683,000 production scheduling 40 110 facility lease 3,300 6.200 (1) What is the gross profit per widget (per unit) using the current cost system? (4 points) maintenance 2,850 1.965 total 6,190 8,275 standard deluxe total price $83.00 $225.00 standard deluxe total DM $18.75 $42.60 price $83.00 $225.00 DL $10.00 $13.00 DM $18.75 $42.60 OH DL $10.00 $13.00 gross profit production scheduling OH gross margin facility lease OH machine maintenance OH gross profit gross margin (3) What will be the overall gross margin (both product lines) if the number of production runs for the deluxe widgets is changed to 75? (2 points) (2) The president has asked you to do an ABC study to determine of the current accounting system gross margin