Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Schell has a total of $26,840 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 Company Total 1,100 labor hours 7,000 machine hours Required: Quantity or Amount Consumed by Standard Floor Mat Line 750 labor hours. 3,000 machine hours Quantity or Amount Consumed by Deluxe Floor Mat Line 350 labor hours 4,000 machine hours. 1. 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. 2. Suppose Schell uses a traditional costing 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. Required 1 Required 2 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. Note: Round activity rates to 4 decimal places and final answers to 2 decimal places. Standard Floor Mat Deluxe Floor Mat Overhead Assigned Required 1 Required 2 > Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Schell has a total of $26,840 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 Company Total 1,100 labor hours 7,000 machine hours Required: Quantity or Amount Consumed by Standard Floor Mat Line 750 labor hours 3,000 machine hours Quantity or Amount Consumed by Deluxe Floor Mat Line 350 labor hours i 4,000 machine hours. 1. 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. 2. Suppose Schell uses a traditional costing 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. Required 1 Required Suppose Schell uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. Note: Round activity rates to 4 decimal places and final answers to 2 decimal places. Standard Floor Mat Deluxe Floor Mat Overhead Assigned