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Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Schell has compiled the following information about possible
Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Schell has compiled the following information about possible cost drivers and its two product lines:
tableSchetableII CompanyTotaltableQuantity or Amount Consumed by StandardFloor Mat LinetableQuantity or Amount Consumed by DeluxeFloor Mat Linetablelaborhours labor hours, labor hourstablemachinehours machine 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.
Complete this question by entering your answers in the tabs below.
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.
Note: Round activity rates to decimal places and final answers to decimal places.
Overhead Assigned
Standard Floor Mat
Deluxe Floor Mat
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