please provide answer for all parts as soo. as possible
AB Costing Homework Questions: 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 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: Estimated Activity Overhead Expected Measure Cost Activity Machining Machine-hours $200,000 10,000 MH Machine Number of 200 setups setups $100,000 setups Product Number of 2 design products $ 84,000 products General Direct labour- factory hours $300,000 12,000 DLHS Page 266 Product Produc Y tz Machine-hours 7,000 3,000 Product Produc Y tz Machine-hours 7,000 3,000 Number of setups 50 150 Number of products 1 1 Direct labour- hours Required: 8,000 4,000 1. 2. 7-1 What is the company's plantwide overhead rate? 7-2 Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y? How much is allocated to Product Z? 7-3 3. What is the activity rate for the Machining activity cost pool? 4. 7-4 What is the activity rate for the Machine Setups activity cost pool? 5. 7-5 What is the activity rate for the Product Design activity cost pool? 6. 7-6 What is the activity rate for the General Factory activity cost pool? 7. 7-7 Which of the four activities is a batch-level activity? Why? 8. 7-8 Which of the four activities is a product-level activity? Why? 9. 7-9 Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y? 7-10 Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z? 7-11 Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y? What percentage is allocated to Product Z? 10. 11