Hazelnut Corporation manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $171,100 in overhead. The company has identified the following information about its overhead activity pools and the two product lines: Cost Driver Number of noves Number of inspections Number of machine hours Activity Pools Materials handling Quality control Machine maintenance 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. Cost Assigned to Pool $ 3,300 $ 39,000 $ 128,800 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. Basic Model Luxury Model 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. Overhead Assigned Overhead Assigned Quantity or Amount Consumed by Basic 16 moves 220 inspections 5,400 machine hours Required 1 Required 2 Required 3 Required 4 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. Required 1 Quantity or Amount Consumed by Luxury 50 moves 110 inspections 3,800 machine hours Required 5 Required 2 > Ing Traditional System, ABC System [LO 4-1, 4-3, 4-4, 4-6] Hazelnut Corporation manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $171,100 in overhead. The company has identified the following information about its overhead activity pools and the two product lines: Cost Assigned to Pool Quantity or Amount Consumed by Basic 16 moves 220 inspections 5,400 machine hours gning Activity Pools Materials handling Quality control Machine maintenance 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. Cost Driver Number of moves Number of inspections Number of machine hours Required 1 Complete this question by entering your answers in the tabs below. 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? Required 2 Required 3 Required 4 Required 5 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 $ 3,300 $ 39,000 $ 128,800 stivity Rates per Move per Inspection per Machine Hour < Required 1 Quantity or Amount Consumed by Luxury Required 3 > 50 moves 110 inspections 3,800 machine hours fditional costing system with machine hours as the cost driver. Determine the amount of ove 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. Required 11 Required 2 Required 3 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 Required 4 < Required 2 Required 5 Required 4 > es Hazelnut Corporation manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $171,100 in overhead. The company has identified the following information about its overhead activity pools and the two product lines: Cost Assigned to Pool Quantity or Amount Consumed by Basic 16 moves 220 inspections 5,400 machine hours Activity Pools Materials handling Quality control Machine maintenance Cost Driver Number of moves Number of inspections Number of 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. Luxury Model Required 1 Required 2 Required 3 Required 4 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. Materials Handling Quality Control Machine Maintenance Total Overhead Assigned $ 3,300 $ 39,000 $ 128,800 < Required 3 Required 5 Quantity or Amount Consumed by Luxury 50 moves 110 inspections 3,800 machine hours Required 5 > 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. 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? OTraditional System OABC System < Required 4 Required 5 >