(Solved): Hazeinut Corp. manufactures lawn omaments. It currently has two product lines, the basic and the lu ...

Hazeinut Corp. manufactures lawn omaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of \( \$ 131,260 \) in overhead The company has identified the following information about its overhead activity cost pools and the two product lines: Required: 1. Suppose Hazeinut used a traditional costing system with machine hours as the cost driver. Determine the amount of overheod assigned to each product line. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount.) 2. Calculate the activity rates for each cost pool in Hazelnut's ABC system. (Round your answers to the nearest whole dollar.) 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.) 4. Determine the amount of overhead Hazeinut will assign to the luxury line if it uses an \( A B C \) - system. (Round your intermediate and final answers to the nearest whole dollar.) 4. Determine the amount of overhead Hazeinut will assign to the luxury line if it uses an ABC system. (Round your intermediate and final answers to the nearest whole dollar.) 5. Compare the results for a traditional system with that of an \( A B C \) system. Which do you think is more accurate? Traditional System ABC System