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E4-7 (Algo) Calculating Traditional Overhead Rates, Assigning Costs [LO 4-1] Bluefield Corp. has two product lines, A and B. Bluefield has identified the following information

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E4-7 (Algo) Calculating Traditional Overhead Rates, Assigning Costs [LO 4-1] Bluefield Corp. has two product lines, A and B. Bluefield has identified the following information about its overhead and poten drivers: Required: 1. Suppose Bluefield Corp. uses a traditional costing system with number of labor hours as the cost driver. Determine the amo overhead assigned to each product line if Product A requires 79 percent of the labor hours and Product B requires 21 percent 2. Suppose Bluefield uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhe assigned to each product line if Product A consumes 16,700 machine hours and Product B consumes 37,300. Complete this question by entering your answers in the tabs below. Suppose Bluefield Corp. uses a traditional costing system with number of labor hours as the cost driver. Determine the amount of overhead assigned to each product line if Product A requires 79 percent of the labor hours and Product B requires 21 percent. (Round your final answers to nearest whole dollar amount.)

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