Hazelnut Corp manufactures lawn ornaments Iit currently has two product lines, the basic and the luxury Hazelnut has a total of $156,004 in overhead The company has identfied the folowing information about its overhead activity cost pools and the two product lines by by Materials handling Quality control Number of movers Number of inspections Number of machine hours 3,534 31,570 23 moves 160 inspections 39 moves 225 inspections 4,100 machine hours 120,900 5,200 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. your final answers to the nearest whole dollar amount) Bask Model Luxury Model Overhead Assigned Overhead Assigned 2. Calculate the activity rates for each cost pool in Hazelnut's ABC system Activity Rates Materials Handing Quality Control Machine Maintenance per Move per Inspection er Machine Hour 3. Calculate the amount of overhead that Hazelnut will assign to the basic line if it uses an ABC system. Materials Handling Quality Control Machine Maintenance Total Overhead Assigned 4. Determine the amount of overhead Hazelnut will assign to the luxury line if it uses an ABC system Luxury Model Materials Handling Quality Control Machine maintenance Total Overhead Assigned 5. Compare the results for a traditional system with that of an ABC system. Which do you think is more accurate? C) Traditional System ABC System