Hickory Company manufactures two products15,000 units of Product Y and 7,000 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:

1. Required:

What is the companys plantwide overhead rate? (Round your answer to 2 decimal places.)

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.)

3. Required:

What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.)

4. Required:

What is the activity rate for the Machine Setups activity cost pool?

5. Required:

What is the activity rate for the Product Design activity cost pool?

Estimated Overhead Cost Expected Activity Activity Cost Pool Machining Machine setups Production design General factory Activity Measure $227,700 11,000 MHs Machine-hours Number of setups Number of products Direct labor-hours 153,900 $ 91,000 270 setups 2 products 257,000 13,200 DLHs Activity Measure ProductY Product Z 7,700 3,300 210 Machine-hours Number of setups Number of products Direct labor-hours 60 8,700 4,500 Product Y Product Z Manufacturing overhead allocated Activity rate per MH Activity rate per setup Activity rate per product