1 Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $131,260 in overhead. The company has identified the following information about its overhead activity cost pools and the two product lines: 20 points Activity Cost Pools Cost Driver Materials handling Sapped Quality control Number of moves Number of inspections Machine maintenance Number of machine hours Cost Assigned to Pool $3,180 $30,080 Quantity/Amount Consumed by Basic 22 noves 220 inspections Quantity/Amount Consumed by Luxury 38 noves 110 inspections $98,000 5,700 machine hours 4,100 machine hours Book References ME Graw Required: 1. Suppose Hazelnut used a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount.) Basic Model Luxury Model Overhead Assigned Overhead Assigned 2. Calculate the activity rates for each cost pool in Hazelnut's ABC system. (Round your answers to the nearest whole dollar) Materials Handing Quality Control Machine Maintanance Activity Rates per Move per inspection per Machine Hour Prev 1 of 2 Next > 1 3. Calculate the amount of overhead that Hazelnut will assign to the basic line if it uses an ABC system (Round your intermediate and final answers to the nearest whole dollar.) 1 20 points Basic Model Skipped Materials Handing Quality Control Machine Maintenance Total Overhead Assigned $ 0 References 4. Determine the amount of overhead Hazelnut will assign to the luxury line if it uses an ABC system. (Round your intermediate and final answers to the nearest whole dollar) Mc Graw Luxury Model Materials Handing Quality Control Machine maintenance Total Overhead Assigned Prev 1 of 2 Next > ABC Project Materials Handing Quality Control 1 Machine Maintenance. Total Overhead Assigned $ 201 points Skipped 10 to elook References Mc Graw Saved 4. Determine the amount of overhead Hazelnut will assign to the luxury line if it uses an ABC system. (Round your intermediate and final answers to the nearest whole dollar.) Luxury Model Materials Handing Quality Control Machine maintenance Total Overhead Assigned S 5. Compare the results for a traditional system with that of an ABC system. Which do you think is more accurate? Traditional System ABC System Prev 1 of 2 Next >