Hickory company manufactures two products-14,000 units of Product Y and 6,000 units of Product Z....
-7 Homework 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 labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates all $791,400 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: Activity Cost Pool Machining Machine setups Product design General factory Estimated Activity Overhead Expected Measure Cost Activity Machine- $203,000 10,000 MHS hours Number of $121,900 230 setups setups Number of $ 87,000 2 products products Direct labor $379,500 12,000 DLHS hours Activity Product Product Measure Y Z Machine- 7,300 2,700 hours Number of 50 180 setups Number of 1 1 products Direct 9,500 2,500 labor-hours Foundational 7-1 Prev 1 2 3 1 products Direct 9,500 2,500 points labor-hours Skipped eBook Pytint Foundational 7-1 References Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Plantwide overhead rate per DLH 1 1 Number of products Direct labor-hours 9,500 2,500 9,500 2, of 5 mapped Foundational 7-2 eBook Print 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 your final answers to the nearest whole dollar amount.) ferences Product Y Product Manufacturing overhead allocated 7,300 2,700 Part 3 of 5 machine hours Number of setups Number of products Direct 50 180 - 1 1 0.5 points labor-hours 9,500 2,500 Skipped ebook Detences Foundational 7-3 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) Activity rate per MH points products Direct labor-hours Skapped 9,500 2,500 eBook Print References Foundational 7-4 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup 50 180 setups Number of products Direct labor-hours bed 9,500 2,500 int ences Foundational 7-5 5. What is the activity rate for the Product Design activity cost pool? Activity rate per product