Hazelnut Corporation manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazeinut has a total of $142,870 in overhead. The company has identified the following information about its overhead activity pools and the two product lines: 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. 2. Calculate the activity rates for each ctivity pool in Hazeinut's ABC system. 3. Calculate the amount of overhead that Hazelnut will assign to the basic line if it uses an ABC system. 4. Determine the amount of overhead Hazelnut will assign to the luxury line if it uses an ABC system. 5. Compare the results for a traditional system with that of an ABC system. Which do you think is more accurate? Complete this question by entering your answers in the tabs below. Suppose Hazeinut used a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. Noto: Do not round intermediate calculations and round your final onswers to the nearest whole dollar amount. Hazelnut Corporation manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $142,870 in overhead. The company has identified the following information about its overhead activity pools and the two product lines: 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. 2. Calculate the activity rates for each activity pool in Hazelnut's ABC system. 3. Calculate the amount of ovethead that Hazeinut will assign to the basic line if it uses an ABC system. 4. Determine the amount of overhead Hazelnut will assign to the luxury line if it uses an ABC system. 5. Compare the results for a traditional system with that of an ABC system. Which do you think is more accurate? Complete this question by entering your answers in the tabs below. Calculate the activity rates for each activity pool in Hazelnut's ABC system. Note: Round your answers to the nearest whiole dollar. Hazeinut Corporation manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $142.870 in overhead. The company has identified the following information about its overhead activity pools and the two product lines: 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. 2. Calculate the activity rates for each activity pool in Hazelnut's ABC system. 3. Calculate the amount of overhead that Hazeinut will assign to the basic line ifit uses an ABC system. 4. Determine the amount of overhead Hazelnut will assign to the luxury line if it uses an ABC system. 5. Compare the results for a traditional system with that of an ABC system. Which do you think is more accurate? Complete this question by entering your answers in the tabs below. Calculate the amount of overhead that Hazeinut will assign to the basic line if it uses an ABC system. Note: Round your intermediate and ninal answers to the nearest whole dollar: Hazelnut Corporation manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $142,870 in overhead. The company has identified the following information about its overhead activity pools and the two product lines: Required: 1. Suppose Hazelnut used a traditional costing system with machine hours as the cost drivec. Determine the amount of overhead assigned to each product line. 2. Colculate the activity rates for each activity pool in Hazeinut's AB system. 3. Calculate the amount of overhead that Hazelnut will assign to the basic line if it uses an ABC system. 4. Determine the amount of overhead Hazelnut will assign to the luxury line if it uses an ABC system. 5. Compare the results for a traditional system with that of an ABC system. Which do you think is more accurate? Complete this question by entering your answers in the tabs below. Determine the amount of overhead Hazelnut will assign to the luxury line if it uses an ABC system. Note: Round your intermediote and final answers to the nearest whole dollar
