Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Schell has a total of $26,340 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:

Schell Cormpany mariufactures autobi lr mals, I crren ly has two product lines, t he Slarndard and the Deluxe Schell has a total of $26,340 in overhead. It currently uses a traditional cost system with overhead appliad to the product on the basis of aither labor hours or machine hours. Schell has compiled the fallowing information about posaible cost drivers and its two product lines: Quanlilynount Consumed by Standard Floor Mat Line 660 labor hours 2,960 machine hours Quanlily//unaunt Consumed by Deluxe Floor Mat Line 380 labor hours 4,040 machine hours Schell Company Total 1,040 labor hours 7,000 machine hours Requlred: 1. Suppose Schell uses a traditional costing syslern wilh direct labor hours as the cost driver. Delermine the amount of overhead assigned to each product line. (Round activity rates to 4 decimal places and final answers to 2 decimal places.) o 2 Overh Standard Floor Mat Deluxe Floor Ma 2. Suppose Schell uses a traditional costing system with machine hours as the cost driver. Deternine the amount of overhead assigned to each product line. (Round activity rates to 4 decimal places and final answers to 2 decimal places.) Overhead Assigned Standard Floor Mat Deluxe Floor Ma