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Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Suppose that Schell has conducted further research into

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Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Suppose that Schell has conducted further research into its overhead and potential cost drivers. As a result, the company has compiled the following detailed information, breaking total overhead into three cost pools: Cost Quantity/Amount Quantity/Amount Assigned to Consumed by Consumed by Activity Cost Pools Cost Driver Pool Standard Floor Mat Line Deluxe Floor Mat Line Material handling Number of moves $ 1,656.00 32 moves 60 moves Quality control Number of inspections $ 9, 108.00 600 inspections 780 inspections Machine maintenance Number of machine hours $12,002.00 3,050 machine hours 4,010 machine hours Required: 1. Calculate the activity rates for each cost pool assuming Schell uses an ABC system. 2. Calculate the amount of overhead that Schell will assign to the Standard floor mat line. 3. Determine the amount of overhead Schell will assign to the Deluxe product line. Complete this question by entering your answers in the tabs below. Req 1 Reg 2 and 3 Calculate the activity rates for each cost pool assuming Schell uses an ABC system. (Round your answers to 2 decimal places.) Activity Rate Material Handling per Material Move Quality Control per Inspection Machine maintenance Der Machine Hour Reg 1 Reg 2 and 3 2. Calculate the amount of overhead that Schell will assign to the Standard floor mat line. (Round your intermediate calculations to 2 decimal places.) 3. Determine the amount of overhead Schell will assign to the Deluxe product line. (Round your intermediate calculations to 2 decimal places.) Show less Total Overhead Assigned 2. Standard floor mat line Deluxe product line 3

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