Consumption Ratios; Activity Rates Bienestar Company produces two types of get-well cards: scented and regular. Drivers for the four activities are as follows: Scented Cards Regular Cards Inspection hours Setup hours Machine hours Number of moves 110 90 90 30 200 590 240 80 The following activity data has been collected: Inspecting products Setting up equipment Machining $5,100 4,730 6,470 1,340 Moving materials Required: 1. Calculate the consumption ratios for the four drivers. Round your answers to two decimal places. Inspection hours Scented Cards Regular Cards Setup hours Machine hours Number of moves 2. Which of the following statements indicate there is product diversity? 1. Calculate the consumption ratios for the four drivers. Round your answers to two decimal places. Inspection hours Setup hours Scented Cards Regular Cards Machine hours Number of moves 2. Which of the following statements indicate there is product diversity? Explain the significance of product diversity for decision-making if the company chooses to use machine hours to assign all overhead. cards would receive 25% of the overhead, and If machine hours are used as the only driver, cards consume well over 55% of the non-machine related overhead. Thus, the Scented cards are decisions, including pricing, keep or drop, and cost-volume-profit. , and the Regular cards are cards would receive 75% of the overhead. Yet, the .This inaccuracy can adversely affect man 3. Calculate the activity rates that would be used to assign costs to each product. Round your answers to the nearest cent. Rates: Inspecting products Setting up equipment S per inspection hour per setup hour Machining per machine hour Moving materials per move 4. Suppose that the budget for inspection is $51,000 for the coming year and that the activity rate for inspecting products is $25 per inspection hour. How many hours of inspection are expected for the coming yea If required, round your answer to nearest whole number of hours. inspection hours