Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury....
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Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $149,470 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 Cost Driver Number of moves Number of inspections Machine maintenance Number of machine hours Cost Assigned to Pool 3,420 $28,350 Quantity/Amount Consumed by Basic 11 noves 220 inspections $117,700 5,200 machine hours Quantity/Amount Consumed by Luxury 65 moves 110 inspections 5,500 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 bes 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 Activity Rates per Move per Inspection < Prev 15 of 15 Next MacBook Air Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $149,470 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 Cost Driver Number of moves Number of inspections Machine maintenance Number of machine hours Cost Assigned to Pool 3,420 $28,350 Quantity/Amount Consumed by Basic 11 noves 220 inspections $117,700 5,200 machine hours Quantity/Amount Consumed by Luxury 65 moves 110 inspections 5,500 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 bes 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 Activity Rates per Move per Inspection < Prev 15 of 15 Next MacBook Air
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