Consumption Ratios Larsen, Inc., produces two types of electronic parts and has provided the following data: Part X12 Part YK7 Total Units produced 100,000 Direct labor hours 600,000 70,000 300,000 30,000 50,000 Machine hours 100,000 350,000 Number of setups 40 80 120 Testing hours Number of purchase orders 1,000 9,000 3,500 500 10,000 4,000 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. Consumption Ratios Overhead Activity Part X12 Part YK7 Activity Driver Machining Setups Inspecting products Purchasing Check My Work 0 | 99. ise eBook Calculator TIGTE SITUCIVICES. My setting up suga purchas Required: 1. Calculate the activity consumption ratios for each product. Round your answers to two decimal places. Consumption Ratios Part X12 Overhead Activity Machining Part YK7 Activity Driver Setups Inspecting products Purchasing 2. Calculate the consumption ratios for the plantwide rate (direct labor hours). Round your answers to two decimal places. Consumption Ratios Overhead Activity Part X12 Part YK7 Plantwide: Manufacturing Which product is undercosted? 3. Would this remove the cost distortion of a plantwide rate? Check My Work