Consumption Ratios; Activity Rates Gladmark 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 300 125 The following activity data have been collected: Inspecting products Setting up equipment Machining $12,500 6,250 24,000 2,975 Moving materials 1. Calculate the consumption ratios for the four drivers. Round your answers to two decimal places. Scented Cards Regular Cards Inspection hours Setup hours Machine hours Number of moves 2. Is there evidence of product diversity? Explain. The input in the box below will not be graded, but may be reviewed and considered by your instructor. 3. Calculate the activity rates that would be used to assign costs to each product. Round your answers to the nearest cent. Activity rates: Inspecting products per inspecting hour Setting up equipment per setup hour Machining per machine hour Moving materials per move 4. Suppose that the activity rate for inspecting products is $50 per inspection hour. How many hours of inspection are expected for the coming year? inspection hours