PA 4-1 (Algo) Assigning Costs Using Traditional System, ABC System (LO 4-1, 4-3, 4-4, 4-6] Hazelnut Corp. manufactures lawn omaments. It currently has two product lines, the basic and the luxury Hazelnut has a total of $173.948 In overhead. The company has identified the following information about its overhead activity cost cool and the two product lines: Cost Quantity/Amount Quantity/Amount Assigned Consumed by Consued by Activity Cost Pools Cast Driver te Pool basic LUXURY Materials handling Number of over $ 4,108 24 nove Soves Quality control Number of inspections $ 28,140 200 spection Inspections Machine maintenance Number of machine hours 3141.700 5,50 hours SAN 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. (Do not round Intermediate calculations and round your final answers to the nearest whole dollar amount.) Basic Model Luxury Mode Overhead Assigned Overhead Assigned 2. Caicte the activity rates for each cost pool in Hazelnut's ABC System (Round your answers to the nearest whole dollar) Our Co per Move per inspection per Machine How 3. Calculate the amount of overed that Hazelnut Wil assign to the basic inelfit uses an ABC system (Round your intermediate and final answers to the nearest whole dollar) sity Con chance 5 4. Determine the amount of overhead Hazelnut will assign to the Kuryline fit uses an ABC system (Round your intermediate and finelanewers to the nearest whole dollar) Menance Toget 9. Come the rest for a troional system with that ABC wytem which do you think is more accurate Otradonal System o Age system