Hazelnut Corp. manufactures in omaments. It currently has two product lines, the basic and the luxury Hazelnut has a total of $145.851 in overhead The company has identified the following information about its overhead activity cost pools and the two product lines Activity Coat Pools Materials handling Quality control Machine maintenance Cost Driver Number of reves Number of inspections Number of machine hours Cost Assigned to Pool $ 2,976 $ 23,475 $114,400 Quantity/Amount Consumed by Basic 22 noves 220 Inspections 5,100 machine hours Quantity/Amount Consumed by Luxury se moves 110 Inspections 5,300 machine hours 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.) Activity Rates Material Handling Quality Control Machine Maintenance per Move por inspection par Machine Hour 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) Basic Model Mats Handling Ghally Control Machine Maintenance Total Overhead Assigned 4. Determine the amount of overhead Hazelnut will assion to the luxury line it uses an ABC system (Round your intermediate and final answers to the nearest whole dollar) Lay Modul Material Handling Ouality Core Machine inance Total Old Assigned 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 3 of 4 !!! Next >