Check my work Cary Company manufactures two models of industrial components-a Standard model and an Advanced Model. It has provided the following information with respect to these two products: Number of units produced and sold Selling price per unit Direct materials per unit Direct labor cost per unit Direct labor-hours per unit Standard 20,000 Advanced 10,000 $ 150 $ 200 $ 40 $ 60 $ 30 1.50 $ 30 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. Click here to download the Excel template, which you will use to answer the questions that follow. Click here for a a brief tutorial on Charts in Excel. 4a. Go to the tab titled "Activity-Based Cost Analysis". Create formulas in cells B2 through C5 that compute the percent of each activity's 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 activity's 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? Complete this question by entering your answers in the tabs below. What percent of each of the four activities is allocated to the Standard model? The Advanced model? Standard Advanced Assemble and pack Machining Order processing Setups Model Model % % % % % % % % < Req 48 Req 4C > A D E F G H 1 2 Background Information 3 Number of units produced and sold Activity Rates Standard Advanced Assemble and Pack: 20,000 10,000 Manufacturing overhead cost (a) $ 292,500 4 Direct labor-hours per unit 1.50 1.50 5 Machine-hours per unit Direct labor-hours (b) 45,000 1 2 Activity rate (a)+(b) 6 Average customer order size 400 50 7 Number of setups per customer order 1 1 8 Number of setup hours per setup Machining 1 3 Manufacturing overhead cost (a) $ 440,000 Machine-hours (b) 40,000 10 Product Margin Analysis Activity rate (a)+(b) 11 12 Sales 13 Costs: 14 Direct materials 15 Direct labor 16 Assemble and pack 17 Machining 18 Order processing 19 Setups Standard $ Advanced Total $ $ Order Processing Manufacturing overhead cost (a) $ 256,250 $ Number of customer orders (b) 250 $ Activity rate (a)+(b) Setups: Manufacturing overhead cost (a) $ 357,500 20 Total cost Setup hours (b) 650 Activity rate (a)+(b) 21 Product margin 22 23 24 25 26 27 28 29 Charts Plantwide Apomach