iPad 11:28 ANM 91% Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Schell has a total of $25,840 in overhead. It currently uses a traditional cost system with overhead applied to the product on the basis of either labor hours or machine hours. Schell has compiled the following information about possible cost drivers and its two product lines: Quantity/Amount Consumed by Deluxe Floor Mat Line 390 labor hours 4,030 machine hours Quantity/Amount Consumed by Schell Company Total Floor Mat Line 1,130 labor hours 7,030 machine hours 740 labor hours 3,000 machine hours Required: 1. Suppose Schell uses a traditional costing system with direct labor hours as the cost driver. Determine the amount of overhead assigned to each product line. (Round activity rates answers to 2 decimal places and final answers to 2 decimal places.) Standard Floor Mat Deluxe Floor Mat 2. Suppose Schell uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. (Round activity rates to 4 decimal places and final answers to 2 decimal places.) Standard Floor Mat Deluxe Floor Mat