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Greenwood 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 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: Active cost pool Machining Machine setups Production design General 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 Product Y 7,500 40 1 8,500 Estimated overhead cost $246,000 $137,500 $89,000 $357,000 Expected activity 12,000 MHs 250 setups 2 products 14,000 DLHs Product Z 4,500 210 1 5,500 1.What is the company's 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 final answers to the nearest 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? (Round your answer to 2 decimal places.) 5. What is the activity rate for the Product Design activity cost pool? (Round your answer to 2 decimal places.) 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? 8. Which of the four activities is a product-level activity? 9. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y? (Round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount.) 10. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z? (Round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount.) 11. Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product Z? (Round your answers to 2 decimal places.) 12. Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z? (Round your answers to 2 decimal places.) 13. Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? (Round your answers to 2 decimal places.) 14. Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z? (Round your answers to 2 decimal places.) 15. Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? (Round your answers to 2 decimal places.)