Consumption Ratios Larsen, Inc., produces two types of electronic parts and has provided the following data: There are four activities: machining, setting up, testing, and purchasing. Required: 1. Calculate the activity consumption ratios for each product. Round your answers to two decimal places. 2. Calculate the consumption ratios for the plantwide rate (direct labor hours). Round your answers to two decimal places 3. If the machine hours were used for the plantwide rate, would this remove the cost distortion of a plantwide rate