Total Overhead & Consumption Ratios Activity Rate & Overhead Costs Instructions Tristar Manutacturing 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 20,100 350 720 1,500 Special Forons 20,100 120 80 750 Costs $76,380 525,648 $14,560 $27,675 Required: Required: 1. Calculate the total overhead assigned to each product by using only machine hours to cakulate a plantwide rato. (Round overhead rate answer to two decimal places and other answers to the nearest dofar.) 2 Calculate consumption ratios for each activity (Round to two decimal places.) 3. Calculate a rate for each activity by using the associated driver. (Round to two decimal places) 4. Assign the overhead costs to each product by using the activity rates computed in Requirement 3. 5. CONCEPTUAL CONNECTION: Comment on the difference between the assignment in Requirement 1 and the activity-based assignment 1. Calculate the total overhead assigned to each product by using only machine hours to calculate a plantwide rate. (Round over and rate answer to two decimal places and other answers to the nearest dollar) The overhead rate is $ per machine hour The total overhead assigned to the intantry products S The total overhead assigned to the Special Forces products $ 2 Calculate consumption ratios for each activity (Round your answers to two decimal places) 2. Calculate consumption ratios for each activity. (Round your answers to two decimal places.) Consumption Ratios Infantry Special Forces Overhead Activity Machining Setups Receiving Packing 3. Calculate a rate for each activity by using the associated driver. 2. $ per machine hour Machining: Setups: $ per setup Receiving: $ per receiving order per packing order Packing: $ Total Overhead & Consumption Ratios Activity Rate & Overhead Costs 4. Assign the overhead costs to each product by using the activity rates computed in Requirement 3. TH 2 Tristar Manufacturing Overhead Assignment Infantry Special Forces 2. Machining 3 Setups + Receiving 5 Packing Total Conceptual Connection 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 the Intantry product and the special forces product. The reveal this before the actu calculations are made activity costs consumption ratos costing methods