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Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $144,020 in overhead.
The company has identified the following information about its overhead activity cost pools and the two product lines:
Activity Cost Pools
Cost Driver
Cost Assigned to Pool
Quantity/Amount Consumed by Basic
Quantity/Amount Consumed by Luxury
Materials handling
Number of moves
$
3,315
22 moves
43 moves
Quality control
Number of inspections
30,705
180 inspections
165 inspections
Machine maintenance
Number of machine hours
110,000
4,600 machine hours
5,400 machine hours
Basic Model
Overhead Assigned
Luxury Model
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 your intermediate calculations.)
2.
Calculate the activity rates for each cost pool in Hazelnut's ABC system.
Activity Rates
Materials Handling
Per Move
Quality Control
Per Inspection
Maintenance
Per Machine Hour
3. Calculate the amount of overhead that Hazelnut will assign to the basic line if it uses an ABC system.
Total Overhead Assigned
4. Determine the amount of overhead Hazelnut will assign to the luxury line if it uses an ABC system.
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