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Hickory Company manufactures two products 15,000 units of Product Y and 7,000 units of Product Z. The company uses a plantwide overhead rate based on

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Hickory Company manufactures two products 15,000 units of Product Y and 7,000 units of Product Z. The company uses a plantwide overhead rate based on direct labourhours. 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 : (The total estimated overhead cost may not agree with the sum of allocoted overheod costs to each product) Required: Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product Z? (Round your onswers to 2 decimal place.)

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