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Product - Costing Accuracy, Consumption Ratios Plata Company produces two products: a mostly handcrafted soft leather briefcase sold under the label Maletin Elegant and a

Product-Costing Accuracy, Consumption Ratios
Plata Company produces two products: a mostly handcrafted soft leather briefcase sold under the label Maletin Elegant and a leather briefcase produced largely through automation and sold under the label Maletin Fina. The two products use two overhead activities, with the following costs:
Setting up equipment
$7,000
Machining
24,000
The controller has collected the expected annual prime costs for each briefcase, the machine hours, the setup hours, and the expected production.
\table[[,Elegant,Fina],[Direct labor,$9,000,$3,000
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