The following activity data has been collected: Required: 1. Calculate the consumption ratios for the four drivers. Round your answers to two decimal places. 2. Which of the following statements indicate there is product diversity? Explain the significance of product diversity for decision-making if the company chooses to use machine hours to assign all overhead. If machine hours are used as the only driver, cards would receive 26% of the overhead, and cards would receive 74% of the overhead. Yet, the cards consume well over 52% of the non-machine related overhead. Thus, the Scented cards are , and the Regular cards are . This inaccuracy can adversely affect many decisions, including pricing, keep or drop, and cost-volume-profit. 3. Calculate the activity rates that would be used to assign costs to each product. Round your answers to the nearest cent. year? If required, round your answer to nearest whole number of hours. inspection hours