11 Part 11 of 15 5.33 Coints 8 04:04:41 Required information Greenwood Company manufactures two products-14,000 units of Product Y and 6,000 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 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 Nachine setups Production design Ceneral factory Activity Measure Machining Number of setups Number of products Direct labor-hours Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 192,000 $ 50,400 $76,000 Product Y Product $387,200 7,200 50 1 7,200 2,800 70 1 8,800 Expected Activity 10,000 Mis 120 setups 2 products 16,000 DLMS 11. Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product Z? (Round your intermediate calculations to 2 decimal places. Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Total overhead cost Product Y 0.45% Product 2 0.55 %