Product-Costing Accuracy, Consumption Ratios a Plata Company products two products: a mostly handcrafted soft leather briefcase sold under the label Maletin Elegant and leather briefcase produced largely through automation and sold under the label Maletin Fins. 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 Fina Direct labor $9,000 $3,000 Direct materials $3,000 $3,000 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 cent. (Note: Do not round chrom 2. Calculate the caption is for each activity. Round your answers to one dedmat place Elegant Fina Machining Setups Ja. Calowate the overhead cost per unit for each briefcase by using a part de teed on direct labor costs found to the catted intermediate actions) Elegant Berbec Pina per brie 3b. Based on your cations above which of the follow mentis correct? 4. Conceptual Connection Catate the heat cost per unit for each case your chines and then your to the nearestent out pert Fine per Previous Check My Worner Check My Wishes All work saved marruttore Sander Stent for Gradine MACBOG PO