Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. hazelnut corp. manufactures lawn ornaments. lt cur

Hazelnut Corp. manufactures lawn ornaments. lt currently has two product lines, the basic and the...

90.2K

Verified Solution

Question

Accounting

imageimage

Hazelnut Corp. manufactures lawn ornaments. lt currently has two product lines, the basic and the luxury, Hazelnut has a total of $173,921 in overhead. The company has identified the following information about its overhead activity cost pools and the two product lines Activity Cost Pools Materials handling Quality control Machine maintenance Cost Driver Number of moves Number of inspections Number of machine hours Cost Assigned to Pool S 3,196 Quantity/Amount Consumed by Basic 21 moves 170 inspections 4,600 machine hours Quantity/Amount Consumed by Luxury 47 moves 175 inspections 5,500 machine hours 29,325 $141,400 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.) Overhead Assigned Overhead Assigned Basic Model Luxury Model 2. Calculate the activity rates for each cost pool in Hazelnut's ABC system Activity Rates Materials Handling Quality Control Machine Maintenance per Move per Inspection per Machine Hour

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students