Hazelnut Corporation manufoctures fawn ornaments. It currently has two product lines, the basic and the luxury. Hazeinut has a total o 5173,456 in overhead. The company has identified the following inform ation about its overhead activily pools and the two product lines: Required; 1. Suppose Hazeinut 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 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 Hazelnut used o traditional costing systern 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 neacest whole dollar amount