Product Costing Accuracy, Consumption Rates Plata Company produces two products: a mostly handcrafted soft leather briefcase sold under the label Maletin Degant and a leather briefcase produced fargely through automation and told under the label Maletin Fina. The two products use two overhead activities, with the following contest Setting up equipment $5,000 Machining 11.000 The controller Fat collected the expected annual prime costs for each briefcase, the machine hour, the setup hours and the expected production Elegant Fina Direct labor $9,000 $3,000 Direct materials $9,000 $9,000 Units 3.000 3,000 Machine hours 4,500 500 100 100 Setup hours Required: 1. Conceptual Connection: Do you think that the direct labor costs and direct matuts costs are accurate traced to each became Explain 2. Calculate the consumption ratios for each activity. Round your answers to one decimal place Elegant Fine Ignment ontocatorprognose false Required: 1. Conceptual Connection: Do you think that the direct labor costs and direct materials costs are accurately traced to each briefcase? Explain 2. Calculate the consumption rations for each activity. Round your answers to one decimal place. Elegant Fina Machining Setups a 3a. Calculate the overhead cost per unit for each briefcase by using a plantwide rate based on direct labor costs. Round to the nearest cunt. (Note: Da not round intermediate calculations.) Elegant Find per briefcase Der briefcase 3h. Based on your calculations above which of the following statements is correct? 4. Conceptual Connection: Calculate the overhead cost per unit for each briefcase by using overhead rates based on machine hours and secup houes. Round your answers to the nearest cont. Elegant perunt Fine per unit Check My Work more Check My Worker Previous Next) ms