Product-Costing Accuracy, Consumption Ratios, Activity Rates, Activity Costing Tristar Manufacturing produces two types of battery-operated toy soldiers: infantry and special forces. The soldiers are produced by using one continuous process. Four activities have been identified: machining, setups, receiving, and packing. Resource drivers have been used to assign costs to each activity. The overhead activities, their costs, and the other related data are as follows: Product Machine Hours Setups Receiving Orders Packing Orders Infantry 20,000 300 900 1,600 Special forces 20,000 100 100 800 Costs $80,000 $24,000 $18,000 $30,000 Required: 1. Calculate the total overhead assigned to each product by using only machine hours to calculate a plantwide rate. (Round overhead rate answer to two decimal places and other answers to the nearest dollar.) The overhead rate is $ 3.8 per machine hour. The total overhead assigned to the infantry product is $ 40,000 The total overhead assigned to the Special Forces product is $ 76,000 2. Calculate consumption ratios for each activity. (Round your answers to two decimal places.) Consumption Ratios Overhead Activity Infantry Special forces Machining Setups Receiving Packing 3. Calculate a rate for each activity by using the associated driver. Machining: Setups: Receiving: Packing: per machine hour per setup per receiving order per packing order 4. Assign the overhead costs to each product by using the activity rates computed in Requirement 3. Tristar Manufacturing Overhead Assignment Machining $ Infantry Special forces Setups Receiving Packing Total $ 5. CONCEPTUAL CONNECTION: Complete the statements below on the difference between the assignment calculated in Requirement 1 and the activity-based assignment. Using only machine hours actual calculations are made. the infantry product and the special forces product. The reveal this before the