Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Schell has a total of $26,740 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 manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe Schell has a total of $26,740 in overhead. It currently uses a traditional cost systen with overhead applied to the product on the basis of either labor hours or machine hours. Schell has compiled the ollowing information about possible cost drivers and its two uct lines Quantity/Amount Quantity Amount Schell Company Total 1,040 labor hours 7,150 machine hours Standard Floor Mat Line 600 labor hours 3,010 machine hours Deluxe Floor Mat Line 440 labor hours 4,140 machine hours Required 1. Suppose Schell uses a traditional costing system with direct labor hours as the cost driver. Determine the amount of overhead assigned to each product line. (Round activity rates to 4 decimal places and final answers to 2 decimal places.) Overhead Assigned 11,786.50 14,953.50 Standard Floor Mat Deluxe Floor Mat 2. Suppose Schell uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. (Round activity rates to 4 decimal places and final answers to 2 decimal places.) Overhead Assigned Standard Floor Mat Deluxe Floor Mat$ 14.953.50