Consumption ratios zapato company produces two types of boots: vaquero and vaquera. there are four activities associated with the two products. drivers for the four activities are as follows: vaquero vaquera cutting hours 2,190 5,400 assembly hours 2,850 4,650 inspection hours 940 2,430 rework hours 150 450 required: calculate the consumption ratios for the four drivers. round your answers to two decimal places.

Explanation:

The formula to compute the consumption ratio is shown below:

Consumption ratio = Activity driver amount ÷ Total amount of activity driver

For Cutting hours

Vaquero = ($2,190) ÷ ($2,190 + $5,400)

               = ($2,190) ÷ ($7,590)

               = 0.29

Vaquera = ($5,400) ÷ ($2,190 + $5,400)

               = ($5,400) ÷ ($7,590)

               = 0.71

For Assembly hours

Vaquero = ($2,850) ÷ ($2,850 + $4,650)

               = ($2,850) ÷ ($7,500)

               = 0.38

Vaquera = ($4,650) ÷ ($2,850 + $4,650)

               = ($4,650) ÷ ($7,500)

               = 0.62

For Inspection Hours

Vaquero = ($940) ÷ ($940 + $2,430)

               = ($940) ÷ ($3,370)

               = 0.28

Vaquera =  ($2,430) ÷ ($940 + $2,430)

               = ($2,430) ÷ ($3,370)

               = 0.72

For Rework hours

Vaquero = ($150) ÷ ($150 + $450)

               = ($150) ÷ ($600)

               = 0.25

Vaquera = ($450) ÷ ($150 + $450)

               = ($450) ÷ ($600)

               = 0.75

answer about 4-5 percent of the labor force is unemployed;