Exercise 5-49 Product-Costing Accuracy, Consumption Ratios, Activity Rates, Activity Costing Tristar Manufacturing produces two types of battery-operated toy soldiers: infantry and special forces. The soldiers are produced by using one continuous process. Four activities have been identified: machining, setups, receiving, and packing. Resource drivers have been used to as- sign costs to each activity. The overhead activities, their costs, and the other related data are follows: e as Product Machine Hours Packing Orders Setups Receiving Orders Infantry Special forces 1,600 20,000 300 900 20,000 800 100 100 $80,000 $18,000 $30,000 Costs $24,000 Required: 1. Calculate the total overhead assigned to each product by using only machine hours to calculate a plantwide rate. 2. Calculate consumption ratios for each activity. (Round to two decimal places.) 3. Calculate a rate for each activity by using the associated driver. (Round to two decimal places.) 4. Assign the overhead costs to each product by using the activity Requirement 3. 5. CONCEPTUAL CONNECTION Comment on the difference between the assignment in Requirement 1 and the activity-based assignment. computed i rates