Total Overhead & Consumption Ratios Activity Rate Overhead Costs Conceptual Connection Instructions Tot 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: 1. C plan doll Product Machine Hours Setups Receiving Orders Packing Orders The Infantry 20,000 300 000 1,600 Special forces 20,000 100 100 800 The Costs $80,000 $24,000 $18,000 $30,000 The 2 Ov 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) 2. Caloulate 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 Ma Se: Re Pa W Total Overhead & Consumption Ratios 1. Calculate the total overhead assigned to each product by using only machine hours to calculate a planwide rate. (Round overhead 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 infantry product is s The total overhead assigned to the Special Forces product is s 2. Calculate consumption ratios for each activity (Round your answers to two decimal places) Consumption Ratios Special forces Infantry Overhead Activity Machining Setups Receiving Packing Previous A vate Windows CALCO Email Instructor Save and Exit Submit Assignment for Gra 3:02 PM 6/15/2020 TULI Uverhead & Consumption Ratios Activity Rate & Overhead Costs Conceptual Connection Activity Rate & Overhead Costs 3. Calculate a rate for each activity by using the associated driver. T per machine hour 1 $ Machining Setups: Receiving: Packing: $ per setup per receiving order per packing order s T 4. Assign the overhead costs to each product by using the activity rates computed in Requirement 3. Tristar Manufacturing Overhead Assignment Infantry Special forces 2 Machining 3 Setups 4 Receiving $ Padong * Total