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Schell has a total of $25,140 in overhead. It currently uses a traditional cost system with overhead applied to the product on the basis of

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Schell has a total of $25,140 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: Quantity or Amount Consumed by Quantity or Amount Consumed Schell Company Total Standard Floor Mat Line by Deluxe Floor Mat Line 1, 140 labor hours 730 labor hours 410 labor hours 7,100 machine hours 2,970 machine hours 4, 130 machine hours Required: ces 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. 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Suppose Schell uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead Prev 14 f 20 Next

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