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Hickory 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
Hickory 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 labour-hours. It is considering implementing an activity-based costing (ABC) system that allocates all of ts 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 allocated overhead costs to each product.) Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labour-hours Estimated Overhead Cost Expected Activity $192,000 $ 50,400 $76,000 $387,200 10,000 MHS 120 setups 2 products 16,000 DUHS Activity Measure Machining Number of setups Number of products Direct labour-hours Required: Product Y Product 2 6,200 50 3,000 70 1 7,200 1 8,800 Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product 2? (Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.) Product Y Product Z Manufacturing overhead allocated
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