Hazelnut Corporation manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $143,992 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 Cost Driver 3:17:14 Number of moves Number of inspections Cost Assigned to Pool $ 3,432 oped Machine maintenance Number of machine hours $ 32,760 $107,800 Required: Quantity or Amount Consumed by Basic 27 noves 220 inspections 5,700 machine hours Quantity or Amount Consumed by Luxury 51 moves 110 inspections 4,100 machine hours Book Print erences 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. 6:58 ed Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 ok int rences Suppose Hazelnut used a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. Note: Do not round intermediate calculations and round your final answers to the nearest whole dollar amount. Basic Model Luxury Model Overhead Assigned Overhead Assigned Required 1 Required 2 > 3:16:44 oped Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Book Print erences Calculate the activity rates for each activity pool in Hazelnut's ABC system. Note: Round your answers to the nearest whole dollar. Materials Handling Quality Control Machine Maintenance Activity Rates per Move per Inspection per Machine Hour nces Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate the amount of overhead that Hazelnut will assign to the basic line if it uses an ABC system. Note: Round your intermediate and final answers to the nearest whole dollar. Basic Model Materials Handling Quality Control Machine Maintenance Total Overhead Assigned $ 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Determine the amount of overhead Hazelnut will assign to the luxury line if it uses an ABC system. Note: Round your intermediate and final answers to the nearest whole dollar. Luxury Model Materials Handling Quality Control Machine Maintenance Total Overhead Assigned $ ces Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 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