PA4-1 (Algo) Assigning Costs Using Traditional Systems, ABC Systems

8 PA4-1 (Algo) Assigning Costs Using Traditional System, ABC System (LO 4-1, 4-3,4-4, 4-6] 191 points Hazelnut Corp manufactures lawn ornaments. It currently has two product lines, the basic and the luxury Hazelnut has a total of $145,576 In overhead The company has identified the following information about its overhead activity cost pools and the two product lines: Cost Quantity/Amount Quantity/Amount Assigned Consumed by Consumed by Activity Cost Pools Cost Driver to Pool Basic Materials handling Luxury Number of moves $3,311 15 soves 62 moves Quality control Number of inspections $ 34,265 240 Inspections 120 inspections Machine maintenance Nubber of machine hours $108,000 5,20e machine hours 3,800 sachine hours Look Por References 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 Model Overhead Assigned Overhead Assigned 2. Calculate the activity rates for each cost pool in Hazelnut'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