B Hazelnut Corp manufactures lawn ornaments. It currently has two product lines, the basic and the luxury Hazelnut has a total of $152.928 in overhead. The company has identified the following information about its overhead activity cost pools and the two product lines Activity Cost Pools Materials handling Quality contra Machine maintanance Quantity/cunt Consumed by Basic Quantity/mount Consued by Lory Cost Assigned Cast Driver Number of oves to Pool $3,168 Number of Inspections $30,960 ber of machine hours $110,000 5,600 machine hours 4,300 machine hours 18 moves 200 Inspections 100 inspections 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 Mode Overhead Assigned Overhead Assigned 2. Calculate the activity rates for each cost pool in Hezeinut's ABC system (Round your answers to the nearest whole dollar) Marias Haning Activity Rates per ve Quality Contrst 23 2. Calculate the activity rates for each cost pool in Hazelnur's ABC system (Round your answers to the nearest whole dollar) Makers Handing Quality Cont Machine Manterance Activity R pet Move per Inspection per Machine Hour 3. Calculate the amount of overhead that Hazelnut will assign to the basic the fit uses an ABC system (Round your intermediate and final answers to the nearest whole dollar Basic Modal Matemats Handing Quality Contr Machhe Manance Tal Overhead Assigned 4. Determine the amount of overhead Hazelnut wit assign to the leury ine fuses en ABC system (Round your intermediate and final answers to the nearest whole doller) Machine Ma Tutal Overhead Assigned 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 Contr Mache manence Total Overhead Assigned 5. Compare the results for a traditional system with that of an ABC system Which do you think is more accurate Taditional System ABC System