1. What is the companys plantwide overhead rate? (Round your answer to 2 decimal places.)

2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z? (Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole dollar amount.)

3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.)

4. What is the activity rate for the Machine Setups activity cost pool?

5. What is the activity rate for the Product Design activity cost pool?

6. What is the activity rate for the General Factory activity cost pool? (Round your answer to 2 decimal places.)

7.

Which of the four activities is a batch-level activity?

multiple choice

• Machine setups activity

• General factory activity

• Product design activity

• Machining activity

8.

Which of the four activities is a product-level activity?

multiple choice

• Product design activity

• General factory activity

• Machine setups activity

• Machining activity

! Required information [The following information applies to the questions displayed below.) Hickory Company manufactures two products13,000 units of Product Y and 5,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates all $729,000 of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products Y and Z: Activity Cost Pool Machining Machine setups Product design General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 231,600 $ 55,900 $ 77,000 $ 364,500 Expected Activity 12,000 MHs 130 setups 2 products 14,400 DLHs Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y 6,300 40 1 9,000 Product Z 5,700 90 1 5,400