{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-28T05:02:31-04:00", "answer_date": "2024-05-28 05:02:31", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1819533", "url": "\/study-help\/questions\/hazelnut-corporation-manufactures-lawn-ornaments-it-currently-has-two-product-1819533", "question_creation_date_js": "2024-05-28T05:02:31-04:00", "question_creation_date": "May 28, 2024 05:02 AM", "meta_title": "[Solved] Hazelnut Corporation manufactures lawn or | SolutionInn", "meta_description": "Answer of - Hazelnut Corporation manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazeln | SolutionInn", "meta_keywords": "hazelnut,corporation,manufactures,lawn,ornaments,two,product,lines,basic,luxury,total,$125,194", "question_title_h1": " Hazelnut Corporation manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $125,194 in overhead.", "question_title": " Hazelnut Corporation manufactures lawn ornaments. It currently has two product lines,", "question_title_for_js_snippet": "Hazelnut Corporation manufactures lawn ornaments It currently has two product lines, the basic and the luxury Hazelnut has a total of $125,194 in overhead The company has identified the following information about its overhead activity pools and the two product lines Activity Pools Materials handling Quality control Machine maintenance Cost Driver Number of moves Number of inspections Number of machine hours Cost Assigned to Pool 54,484 $28,710 $92,000 Quantity or Amount Consumed by Basic 28 moves 220 inspections 5,400 machine hours Quantity or Anount Consumed by Luxury 48 moves 110 inspections 3,800 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 2 Calculate the activity rates for each activity pool in Hazelnut'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 ", "question_description": "\"image\"image\"image\"image\"image", "transcribed_text": "Hazelnut Corporation manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $125,194 in overhead. The company has identified the following information about its overhead activity pools and the two product lines: Activity Pools Materials handling Quality control Machine maintenance Cost Driver Number of moves Number of inspections Number of machine hours Cost Assigned to Pool 54,484 $28,710 $92,000 Quantity or Amount Consumed by Basic 28 moves 220 inspections 5,400 machine hours Quantity or Anount Consumed by Luxury 48 moves 110 inspections 3,800 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. 2. Calculate the activity rates for each activity pool in Hazelnut'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.", "related_book": { "title": "International Accounting", "isbn": "978-0136111474, 0136111475", "edition": "7th Edition", "authors": "Frederick D. Choi, Gary K. Meek", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/127.jpg", "uri": "\/textbooks\/international-accounting-7th-edition-9780136111474", "see_more_uri": "" }, "free_related_book": { "isbn": "1578702607", "uri": "\/textbooks\/windows-management-instrumentation-1st-edition-978-1578702602-191565", "name": "Windows Management Instrumentation", "edition": "1st Edition" }, "question_posted": "2024-05-28 05:02:31", "see_more_questions_link": "\/study-help\/questions\/business-human-resource-management-2020-May-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/a-by-what-percentage-does-your-rest-mass-increase-when", "description": "(a) By what percentage does your rest mass increase when you climb 30 m to the top of a ten-story building? Are you aware of this increase? Explain. 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