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Bluefield Corporation has two product lines, A and B. Bluefield has identified...

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Accounting

Bluefield Corporation has two product lines, A and B. Bluefield has identified the following information about its overhead and potential cost drivers:
Total overhead $ 73,920
Cost drivers
Number of labor hours 2,500
Number of machine hours 44,000
Required:
1.Suppose Bluefield Corporation uses a traditional costing system with number of labor hours as the cost driver. Determine the amount of overhead assigned to each product line if Product A requires 76 percent of the labor hours and Product B requires 24 percent.
2.Suppose Bluefield uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line if Product A requires 17,500 machine hours and Product B requires 26,500.

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