4. What is the activity rate for the Machine Setups activity cost pool? 8. Which of the four activities is a product-level activity? 12. Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z ? Note: Round intermediate calculations and your "Percentage" answers to 2 decimal places. 7. Which of the four activities is a batch-level activity? 13. Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z ? Note: Round intermediate calculations to 2 decimal places. Round your "Percentage" answers to 2 decimal places. 9. Using the ABC system, how much total manufacturing overhead cost is assigned to Product Y ? Note: Round all intermediate calculations to 2 decimal places. Required: 1. What is the company's plantwide overhead rate? Note: Round your answer to 2 decimal places. 3. What is the activity rate for the Machining activity cost pool? Note: Round your answer to 2 decimal places. 11. Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product Z ? Note: Round intermediate calculations to 2 decimal places. Round your "Percentage" answers to 2 decimal place. 14. Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z ? 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z ? Note: Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole dollar amount. 10. Using the ABC system, how much total manufacturing overhead cost is assigned to Product Z ? Note: Round intermediate calculations to 2 decimal places and final answer to the nearest whole dollar. Required information [The following information applies to the questions displayed below.] Hickory Company manufactures two products 13,000 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 $684,000 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 : 5. What is the activity rate for the Product Design activity cost pool? 15. Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z ? Note: Round intermediate calculations to 2 decimal places. Round your "Percentage" answers to 2 decimal place. 6. What is the activity rate for the General Factory activity cost pool? Note: Round your answer to 2 decimal places
