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2 Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury Hazelnut has a total of $138,702 in overhead. The company has identified the following information about its overhead activity cost pools and the two product lines: GU Aste Caly CW ACTIVI ta LEX material numero # ), 18 41 Olity control the peopese respect care and Mineralien 1100, are fourt 4. Machine her 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.) 2 2. Calculate the activity rates for each cost pool in Hazelnut's ABC system. (Round your answers to the nearest whole dollar) Ally Mew Duty Data Mattias or 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.) Gay Martin N 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) HE HIN Gotly Mate fatlar 5. Compare the results for a traditional system with that of an ABC system. Which do you think is more accurato? OTS ACS Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury Hazelnut has a total of $138.702 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 Pool Basic Luxury Materials handling Number of moves $ 3,482 19 moves 44 moves Quality control Number of inspections $ 32,380 280 inspections 100 inspections Machine maintenance Number of machine hours $ 183, eee 6,eee machine hours 4,380 machine hours 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.) Basio Model Overhead Assigned Overhead Assigned Lucury Mode 2. Calculate the activity rates for each cost pool in Hazelnut's ABC system. (Round your answers to the nearest whole dollar.) Activity Rates Material Handling Quality Control Machine Maintenance per Move per inspebtion 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.) Basia Model Materials Handling Quality Control Machine Maintenance Total Overhead Assigned $ 0 assign to the luxury line if it uses an ABC system. (Round your intermediate and 4. Determine the amount of overhead Hazelnut final answers to the nearest whole dollar.) Luxury Model Materials 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 ABC System