Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $136,080 in overhead. The company has identified the following information about its overhead activity cost pools and the two product lines: Activity Cost Pools Cost Driver Materials handling Number of moves Cost Assigned to Pool $ 3,520 Quality control Number of inspections Machine maintenance Number of machine hours $ 30,260) $102,300 Required: Quantity/Amount Consumed by Basic 18 moves 200 inspections 5,700 machine hours Quantity/Amount Consumed by Luxury 46 moves 100 inspections 3,600 machine hours 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.) Answer is complete but not entirely correct. Basic Model Luxury Model $ 83,391 52,668 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.) Materials Handling Quality Control Machine Maintenance Activity Rates per Move per Inspection per 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.) Answer is not complete. Basic Model Materials Handling Quality Control Machine Maintenance Total Overhead Assigned Drau 15 of 15 www Next> 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.) Answer is not complete. 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? Traditional System ABC System