Product Costing (20) The Wedding Rings Division of GEP Corporation produces two types of rings at its Central Plant: Plain and Engraved. The following data exist for production at the Central Plant: Quantity Prime Machine Material Ring Type (units) Costs* Hours Moves Setups Plain 1,000,000 $2,000,000 100.000 100.000 25 Engraved 150,000 $450,000 25.000 100,000 75 *Prime costs are direct labor and direct materials costs The division budgeted the following amounts for its indirect activities: Machine-Related Material Movement Machine Setup $500,000 $850.000 $650.000 The current cost system assigns all indirect costs based on machine hour consumption