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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 6

Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe.
Schell has a total of $26,540 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:
\table[[,\table[[Quantity or Amount Consumed]],\table[[Quantity or Amount],[consumed by Deluxe Floor]]],[Schell Company Total,by Standard Floor Mat Line,Mat Line],[1,100 labor hours,690 labor hours,410 labor hours],[6,980 machine hours,3,020 machine hours,3,960 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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