E4-10 (Algo) Assigning Costs Using Activity Rates (LO 4-4] 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: Activity Cost Pools Material handling Quality control Machine maintenance Cost Assigned to Cost Driver Pool Number of moves $ 1,455.00 Number of inspections $ 8,680.00 Number of machine hours $16,514.00 Quantity/Amount Consumed by Standard Floor Mat Line 35 moves 600 inspections 3,050 machine hours Quantity/Amount Consumed by Deluxe Floor Mat Line 62 moves 800 inspections 4,130 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 Req 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 per Machine Hour E4-10 (Algo) Assigning Costs Using Activity Rates [LO 4-4] 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: Activity Cost Pools Material handling Quality control Machine maintenance Cost Driver Number of moves Number of inspections Number of machine hours Cost Assigned to Pool $ 1,455.00 $ 8,680.00 $16,514.00 Quantity/Amount Consumed by Standard Floor Mat Line 35 moves 600 inspections 3,050 machine hours Quantity/Amount Consumed by Deluxe Floor Mat Line 62 moves 800 inspections 4,130 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. 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 A Total Overhead Assigned 2. Standard floor mat line Deluxe product line 3