eBook Consumption Ratios Larsen, Inc., produces two types of electronic parts and has provided the folowing data: Part X12 Part YK7 Total 100,000 35,000 52,500 600,000 65,000 297,500 Direct labor hours Machine hours Number of setups Testing hours Number of purchase orders 100,000 48. 1,000 9,000 10,000 3,480 4,000 Required 1. Calculate the activity consumption ratios for each product. Round your answers to two decimal places. Consumption Ratios Part X12 Part YK7 Overhead Activity Machining Setups Inspecting products 237 PM 2019 Calculator 1. Calculate the activity consumption ratios for each product. Round your answers to two decimal places. Consumption Ratios Overhead Activity Machining Setups Inspecting products Purchasing Part X12 Part YK7 Activity Driver 2. Calculate the consumption ratios for the plantwide rate (direct labor hours). Round your answers to two decimal places. Consumption Ratios Part X12 Part YK7 Plantwide Manufatturing Which product is undercosted? 3. If the machine hours were used for the plantwide rate, would this remove the cost distortion of a plantwide rate