Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe Schell has a total of 525.240 in overhead it currently uses a traditional cost system with overhead applied to the product on the basis of either tabor hours or machine hours Schell as compiled the following information about possible cost drivers and its two product lines Schell Company Total 1 100 labor hours 7.130 machine hours Consumed by Standard Floor Mat Line 600 labor hours 2.960 machine hours 420 labor hours 4.170 machine hours Required: 1. Suppose Schelluses a traditional costing system with direct labor hours as the cost driver Determine the amount of overhead assigned to each productie Round seviy rates answers to 2 decimal places and final answers to 2 decimal places.) Overhead Assigned Standard Floor Mats 15.602 00 Der Floor Mat issioned to each productie Round activity rates to 4 decim 2. Suppose Scheduses a traditional coing system with machine hours as the cost over Denemine the amount places and final answers to 2 decimal places) Overhead Assigned