chapter 4 homework page 1

Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Schell has a total of $39,060 in overhead, It currently uses a traditional cost system with overhead applied to the product on the basis of elther labor hours or machine hours. Schell has compiled the following information about possible cost drivers and its two product lines: Required: 1. Suppose Schell uses a traditional costing system with direct labor hours as the cost driver. Determine the amount of overhead assigned to each product line. 2. Suppose Schell uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. Complete this question by entering your answers in the tabs below. Suppose Schelf uses a traditional costing system with direct labor hours as the cost divec. Determine the amount of overhead assigned to each product line. Note: Round activity rates onswers to 2 decimal places. 1. Suppose Schell uses a traditional costing system with direct labor hours as the cost driver. Determine the amount of overh assigned to each product line. 2. Suppose Schell uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhea assigned to each product line. Complete this question by entering your answers in the tabs below. Suppose Schell uses a traditional costing system with direct labor hours as the cost driver. Determine the amount of overhead assigned to each product line. Note: Round activity rates answers to 2 decimal places. Schell has a total of $39,060 in overhead. It currently uses a traditional cost system with overnead applied to the product on the basis of either labor hours or machine hours. Schell has compiled the following information about possible cost drivers and its two product lines: Required: 1. Suppose Schell uses a traditional costing system with direct labor hours as the cost driver. Determine the amount of overhead assigned to each product line. 2. Suppose Schell uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. Complete this question by entering your answers in the tabs below. Suppose Schell uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. Note: Round activity rates to 4 decimal places and final answers to 2 decimal places