Calculate activity rates for each cost pool in hazelnut abc

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Reference no: EM132640554

Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $145,920 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 Consumed by Activity Cost Pools Assigned Consumed by Materials handling Cost Driver to Pool Basic Luxury Number of moves $ 3,600 20 moves 55 moves Quality control

Number of inspections $ 29,520 200 inspections 160 inspections Machine maintenance

Number of machine hours $ 112 800 4,200 machine hours 5,200 machine hours

Required:

Question 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.)

Question 2. Calculate the activity rates for each cost pool in Hazelnut's ABC system.

Question 3. Calculate the amount of overhead that Hazelnut will assign to the basic line if it uses an ABC system

Reference no: EM132640554

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