PA4-1 (Algo) Assigning Costs Using Traditional System ABC System [LO 4-1,4-3,4-4,4-6] Hazelnut Corp. manufactures lawn ornaments. It currently has to product lines the basic and the luxury. Hazelnut has a total of $143.216 in overhead The company has identified the following information about it overhead activity cost cools and the two product lines: Cost Quantity/Amount Quantity/ Assigned Consumed by Consumed by Activity Cost Pools Cost Driver to Pool Basi Luxury Materials handling Number of moves $ 2,728 18 moves Quality control Nuber of Inspections $ 21,200 220 Inspections 110 inspections Machine maintenance Mber of machine hours $112,200 5,888 machine hours 4,482 wachine hours Required: 1. Suppose Hazelnut used a traditional casting system with machine hours ss the cost driver. Determine the amount of overness signed to each product line. (Do not round Intermediate calculations and round your final answers to the nearest whole dollar amount.) Basic Model Lucury Model Overhead Assigned Overhead Assigned 2 Calculate the activity rates for esch cost pool in Hezelnut's ABC system. (Round your answers to the nearest whole dollar.) Activity Rates Material Handling Quality Control Machine Maintenance per Move per inspection per Machine Hour 3. Calculate the amount of overheed that Hazelnut will assign to the basic line if it uses an ABC system. (Round your Intermediate and final answers to the nearest whole dollar) Baclo Model Material Handling Quality Control Machine Maintenance Total Overhead Assigned 4. Determine the amount of overness Hazelnut will assign to the luxury line fit uses on ABC system. (Round your intermediate and final answers to the nearest whole dollar) Luxury Model Material Handling Quality Control Machine maintenance Total Overhead Assigned 5. Compare the results for a traditional system with that of an ABC system. Which do you think is more accurate Traditional System O ABC System