Question
of 13 Required information. [The following information applies to the questions displayed below.] Hickory Company manufactures two products-15,000 units of Product Y and 7,000
of 13 Required information. [The following information applies to the questions displayed below.] 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 labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates all $571,200 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 ok Product design ces General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Product Y Product I 6,100 50 4,900 60 1 7,100 1 6,100 Cont $ 210,100 Expected Activity 11,000 MH 110 setups 2 products $ 45,100 $75,000 $ 241,000 13,200 DLH Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Plantwide averhead rate per DLH Check my work.
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