Required information Foundational (Algo) (L04-1, LO4-2, L04-3, L04-4) Greenwood Company manufactures two products13,000 units of Product Y and 5,000 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: Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 228,000 $ 40,000 $ 74,000 $ 288,000 Expected Activity 12,000 MHS 100 setups 2 products 12,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y Product 2 7,000 5,000 40 60 1 1 7,000 5,000 Foundational 4-1 (Algo) Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Plantwide overhead rate $ 67 80 per DLH Foundational 4-2 (Algo) 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z? (Round yo intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Product Y Product z $ 596,640 $ 216,960 Manufacturing overhead allocated Foundational 4-3 (Algo) 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) Activity rate $ 19.30 per MH Foundational 4-4 (Algo) 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate $ 580 per setup Foundational 4-5 (Algo) 5. What is the activity rate for the Product Design activity cost pool? Activity rate $ 46,000 per product Foundational 4-6 (Algo) 6. What is the activity rate for the General Factory activity cost pool? (Round your answer to 2 decimal places.) Activity rate $ 25.80 per DLH Foundational 4-9 (Algo) 9. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y? (Round your intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Total manufacturing overhead cout $479,280 Machining Number of setups Number of products Direct labor-hours 40 1 7,000 60 1 5,000 ces Foundational 4-10 (Algo) 10. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z? (Round calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Total manufacturing overhead cost $ 334,320