Cary Company manufactures two models of industrial componentsa Standard model and an Advanced Model. It has provided the following information with respect to these two products:

	Standard			Advanced
Number of units produced and sold		20,000			10,000
Selling price per unit	$	150		$	200
Direct materials per unit	$	40		$	60
Direct labor cost per unit	$	30		$	30
Direct labor-hours per unit		1.50			1.50

The company considers all of its manufacturing overhead costs ($1,346,250) to be fixed and it uses plantwide manufacturing overhead cost allocation based on direct labor-hours.

Go to the tab titled Activity-Based Cost Analysis. Create formulas in cells B2 through C5 that compute the percent of each activitys total cost that is allocated to each product. (Hint: If you complete this step correctly, the percentages shown in column D will total 100%.) 4b. What percent of each of the four activities is allocated to the Standard model? The Advanced model? 4c. Using Charts, create a 100% stacked bar chart that shows the percent of each activitys total cost that is allocated to each product. (Hint: This chart should refer to the percentages that you computed in cells B2 through C5.) (Your instructor may require you to upload this file in Part 6). Which of the following statements is true with respect to the chart?