eBook Show Me How Calculator Consumption Ratios; Activity Rates Saludable 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 70 100 70 Setup hours Machine hours 190 Number of moves The following activity data has been collected: Inspecting products $4,950 4,780 Setting up equipment Machining 6,440 Moving materials 1,400 Required: 1. Calculate the consumption ratios for the four drivers. Round your answers to two decimal places. Scented Cards Regular Cards 0.41 Inspection hours 0.59 Setup hours 0.78 0.22 Check My Work or drop, and cost-volume-profit. 3. Calculate the activity rates that would be used to assign costs to each product. Round your answers to the nearest cent. Rates: 29.12 53.11 V per inspection hour per setup hour Inspecting products $ Setting up equipment $ Machining $ Moving materials $ 8.70 5.19 per machine hour per move 4. Suppose that the activity rate for inspecting products is $20 per inspection hour. How many hours of inspection are expected for the coming year? If required, round your answer to nearest whole number of hours. X inspection hours Foodback Check My Work The consumption ratio is the percentage of time spent per product on each activity. Product 1 Consumption Ratio: Product 1 hours (activity 1)/(Product 1 hours (activity 1) + Product 2 hours (activity 1)) Determine the cost per activity by dividing the cost data per activity by the total number of hours per activity. Work backwards to determine total hours in an activity