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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 $ 2 5

Schell Company manufactures automobile floor. mats. It currently has two product lines, the Standard and the Deluxe.
Schell has a total of $25,440 in overhead. It currently uses a traditional cost system with overhead applied to the product on the basis of either labor hours or machine hours. Schell has c.ompiled the following information about possible cost drivers and its two product lines:
\table[[Sch,\table[[Quantity or Amount Consumed],[by Standard Floor Mat Line]],\table[[Quantity or Amount],[Consumed by Deluxe Floor],[Mat Line]]],[\table[[1,070 labor hours],[7,260 machine hour]],\table[[710 labor hours],[3,090 machine hours]],\table[[360 labor hours],[4,170 machine hours]]]]
Required:
Suppose Schell uses a traditional costing system with direct labor hours as the cost driver. Determine the amount of overhead assigned to each product line.
Suppose Schell uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line.
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Required 1
Suppose Schell uses a traditional costing system with direct fabor hours as the cost driver. Determine the amount of overhead assigned to each product line.
Note: Round activity rates to 4 decimal places and final answers to 2 decimal places.
\table[[,-,\table[[rhead],[igned]]],[Standard Floor Mat,$,10,144.90
(Needs 1 &2)
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