Required Information [The following information applies to the questions displayed below) Cary Company manufactures two models of industrial components-a Standard model and an Advanced Model. It has provided the following information with respect to these two products: Standard Advanced Number of units produced and sold 20,000 10,000 Selling price per unit 150 $ 2ee Direct materials per unit $ 40 $ 60 Direct labor cost per unit $ 30 $ 30 Direct labor-hours per unit 1.50 1.50 The company considers all of its manufacturing overhead costs ($1,346,250) to be fixed and it uses plantwide manufacturing overhead cost allocation based on direct labor-hours, Click here to download the Excel template, which you will use to answer the questions that follow. Click here for a a brief tutorial on Charts in Excel 4a. Go to the tab titled "Activity-Based Cost Analysis. Create formulas in cells B2 through C5 that compute the percent of each activity's total cost that is allocated to each product. (Hint If you complete this step correctly, the percentages shown in column D will total 100%) 4b. What percent of each of the four activities is allocated to the Standard modeThe Advanced model? 4c. Using Charts, create a 100% stacked bar chart that shows the percent of each activity's total cost that is allocated to each product . (Hint: This chart should refer to the percentages that you computed in cells B2 through C5.) (Your instructor may require you to upload this file in Part 6). Which of the following statements is true with respect to the chart? Complete this question by entering your answers in the tabs below. Reg 48 Req 4C What percent of each of the four activities is allocated to the Standard model? The Advanced model? Assemble and pack Machining Order processing Setups Standard Model % % % % ellele Advanced Model % % % % Reg 4 Req 4C > Draw Date V G .. 0 E F 6 Plantwide Overhead Rate Manufacturing overhead costa) $ 1.346.250 Direct labor hours (b) Plantwide overhead rate (a) (b) B 1 Background Information 2 Standard Advanced 3 Number of units produced and sold 20,000 10.000 4 Selling price per unit $ 150 S 200 5 Direct materials per unit s 40$ 6 Direct labor cost per unit $ 30$ 30 7. Direct labor hours per unit 1.50 1.50 8 9 Gross Margin Analysis 10 Standard Advanced 11 Sales 12 Cost of goods sold: 13 Direct materials 14 Direct labor 15 Manufacturing overhead 16 Cost of goods sold 17. Gross margin 18 19 AGA AR Total Cest