Hazelnut Corporation manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $175,910 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 Number of moves Cost Assigned Amount Consumed Quantity or Quantity or Amount Consumed by Luxury 48 moves 120 inspections by Basic 27 moves 240 inspections to Pool Number of inspections $ 3,150 $ 33,660 machine Machine maintenance Number of machine hours $ 139,100 5,900 hours Required: 4,800 machine hours. 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 attivity 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 1 Required 2 Required 3 Required 4 Required 5