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 labour-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: Machining Machine setups Product design General factory Activity Measure Machine-hours Number of setups Number of products Direct labour-hours Estimated Overhead Cost $238,800 $ 93,100 $ 83,000 $373,500 Expected Activity 12,000 MH 190 setups 2 products 14,400 DLHS Activity Measure Machine-hours Number of setups Number of products Direct labour-hours Product Y 6,900 40 Product Z 5,100 150 1 1 7,900 6,500 Foundational 7-1 Required: What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH Foundational 7-2 Required: 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.) Product Y Product Z Manufacturing overhead allocated Foundational 7-3 Required: What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) Activity rate per MH Foundational 7-4 Required: What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup Foundational 7-5 Required: What is the activity rate for the Product Design activity cost pool? Activity rate per product Foundational 7-6 Required: What is the activity rate for the General Factory activity cost pool? (Round your answer to 2 decimal places.) Activity rate per DLH Required: Which of the four activities is a batch-level activity? O Machining activity Machine setups activity O General factory activity O Product design activity Required: Which of the four activities is a product-level activity? Machine setups activity O Machining activity O Product design activity O General factory activity Required: Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y? (Do not round intermediate calculations and round your final answer to the nearest dollar amount.) Total manufacturing overhead cost Foundational 7-10 Required: Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z? (Do not round intermediate calculations and round your final answer to the nearest dollar amount.) Total manufacturing overhead cost Foundational 7-11 Required: 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 "Percentage" answers to 2 decimal places. (i.e. 0.1234 should be entered as 12.34).) Manufacturing overhead Product Y Product Z % Foundational 7-12 Required: Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z? (Round your intermediate calculations to 2 decimal places. Round your "Percentage" answers to 2 decimal places. (l.e. 0.1234 should be entered as 12.34).) Machining cost Product Y Product Z % Foundational 7-13 Required: Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? (Round your intermediate calculations to 2 decimal places. Round your "Percentage" answers to 2 decimal places. (i.e. 0.1234 should be entered as 12.34).) Product Y Machine Setups cost % Product Z Foundational 7-14 Required: 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.) Product Y Product Z Product design cost % Foundational 7-15 Required: Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? (Round your intermediate calculations to 2 decimal places. Round your "Percentage" answers to 2 decimal places. (i.e. 0.1234 should be entered as 12.34).) General factory cost Product Y Product Z