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 $8,000 Machining 20,000 The controller has collected the expected annual prime costs for each briefcase, the machine hours, the setup hours, and the expected production Elegant Direct labor $9,000 $3,000 Fina Direct materials $3,000 $3,000 K Units 3,000 3,000 Machine hours 500 4,500 Setup hours 100 100 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 ratios for each activity. Round your answers to one decimal place Elegant Fina Machining Setups 3a. Calculate the overhead cost per unit for each briefcase by using a plantwide rate based on direct labor costs. Round to the nearest cont. (Note: Do not round EXAGO V nedercons and directes com a country and to breast 5. EX.05.47 ALGO 2. Calculate the countries for each activity found your answers to one decimal place 6. EX.05.2.ALCO Elegant Fina 7. EX.06 51. ALOO & EX.06.52 Machining Setup Chce the verneed to per unit for each rent by wings were based on retro Hound to recent buite. De mit round inte gan serb Jo. Beds your calculation with the internet 4. Connection Cented cost es with each trece try using overtad cute bered on macun to hou. Rowe w som to the rest M Progress theme OH | | | | | | | | | | | Auto Al Imalar Summer