Larsen, Inc, produces two types of electronic pats and has provided the following data: There ors four activioess machining, letwing vo, teiting, and purchasimg Mequired: 1. Cukulate the activty contumption ratios for each preduct, Round your anwers 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? 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 iabor hours). Round your answers to two decimal places. 3. If the machine hours were uted for the plantwide rate, would this remove the cost distortion of a plantwide rate