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Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury Hazelnut has a total o $151.962 in overhead.
Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury Hazelnut has a total o $151.962 in overhead. 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 Driver Cost Assigned to Pool $ 2,542 Number of inspections Number of machine hours $ 35,420 $114,000 Number of moves Quantity/Amount Consumed by Basic 29 moves 220 inspections 5,600 machine hours Quantity/Amount Consumed by Luxury 33 moves 110 inspections 3,900 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 dolla amount.) Basic Model Overhead Assigned Luxury Model Overhead Assigned
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