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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 $ 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:
tableSchtableQuantity or Amount Consumedby Standard Floor Mat LinetableQuantity or AmountConsumed by Deluxe FloorMat Linetable labor hours machine hourtable labor hours machine hourstable labor hours 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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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 decimal places and final answers to decimal places.
tabletablerheadignedStandard Floor Mat,$
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