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Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Schell has a total of $26,640 in overhead.
Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Schell has a total of $26,640 in overhead. It currently uses a traditional cost system wth overhead applled to the product on the basis of elther labor hours or machine hours. Schell has compiled the following information about possible cost drivers and its two product. lines: Required: 1. Suppose Schell uses a tradtional costing system with direct labor hours as the cost driver. Determine the amount of overhead assigned to each product Ine. 2. Suppose Schell uses a traditional costling system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. Complete this question by entering your answers in the tabs below. 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 to 4 decimal places and final answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. 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.)
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