Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $160,440 in overhead 3. Calculate the amount of overhead that Hazelnut will assign to the basic line if it uses an ABC system. (Round your int final answers to the nearest whole dollar.) The company has identified the following information about its overhead activity cost pools and the two product lines: Activity Cost Pools Materials handling Quality control Machine maintenance Cost Assigned to Pool $ 3,900 $ 35,340 $121,200 Cost Driver Number of moves Number of inspections Number of machine hours Basic Model Materials Handling Quality Control Machine Maintenance Total Overhead Assigned Quantity/Amount Consumed by Basic 18 moves 200 inspections 5,800 machine hours Quantity/Amount Consumed by Luxury 60 moves 100 inspections 4,300 machine hours 0 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.) 4. Determine the amount of overhead Hazelnut will assign to the luxury line if it uses an ABC system. (Round your inter final answers to the nearest whole dollar.) Basic Model Overhead Assigned Overhead Assigned Luxury Model Luxury Model Materials Handling Quality Control Machine maintenance Total Overhead Assigned $ 2. Calculate the activity rates for each cost pool in Hazelnut's ABC system. (Round your answers to the nearest whole dollar.) 5. Compare the results for a traditional system with that of an ABC system. Which do you think is more accurate? Activity Rates Materials Handling Quality Control Machine Maintenance per Move per Inspection per Machine Hour Traditional System O ABC System