x Project - 40 Paints - ACCTX Question 2. Project - 40 Po X CProfile Chego.com Counter heducation.com/ext/map/index.html?con con&external_browser=0&launchUrl=http%253A%252F%252Fimmheducation.com%252Fmghmiddleware25 Points Help Save & E SU Hazelnut Corp, manufactures lawn ornaments. It currently has two product lines, the basic and the luxury Hazelnut has a total of $175,613 in overhead. The company has identified the following information about its overhead activity cost pools and the two product lines: cost Quantity/Amount Quantity/Amount Assigned Consumed by Consumed by Activity Cost Pools Cost Driver to Basic Luxury Materials handling Number of moves $ 2,788 24 moves Quality control Number of inspections $ 31, 125 240 inspections 120 inspections Machine maintenance Number of machine hours $ 141,700 5,500 wachine hours 5,408 nachine hours 44 noves Required: 1. Suppose Hazelnut used a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount.) Basic Model Overhead Assigned Overhead Assigned Luxury Model Help Save & Ex Submit 1. Suppose Hazelnut used a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount.) Basic Model Luxury Model ad Overhead Assigned Overhead Assigned 2. Calculate the activity rates for each cost pool in Hazelnut's ABC system. (Round your answers to the nearest whole dollar) Activity Rates Materials Handing Quality Control Machine Maintenance per Move per inspection per Machine Hour 3. Calculate the amount of overhead that Hazelnut will assign to the basic line if it uses an ABC system. (Round your intermediate and final answers to the nearest whole dollar.) Bane Model Material Handling Quality Control Machine Maintenance Total Overhead Assigned $ 0 4. Determine the amount of overhead Hazelnut will assign to the luxury line if it uses an ABC system. (Round your intermediate and final answers to the nearest whole dollar.) Luxury Model Material Handling 9:49 4. Determine the amount of overhead Hazelnut will assign to the luxury line if it uses an ABC system. (Round your Intermediate and final answers to the nearest whole dollar.) ad LY Model Material Handling Quality Control Machine maintenance Total Overhead Assigned 5 5. Compare the results for a traditional system with that of an ABC system. Which do you think is more accurate> Traditional System O ABC System