It is feasable. It's also rather tedious. Alternatives are a
circular saw with a jig (very fast, but limited to thin ply);
a handplane used freehand (simple, and fairly quick on thinner
pieces); a powerplane used freehand (quick, easy to get carried
away and plane more than intended); or a belt sander (hard to
be accurate with).
I do mine with a handplane. If I was doing a lot, I'd probably
go for a circular saw jig.
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