Required information Foundational (Algo) [LO4-1, LO4-2, L04-3, L04-4] Greenwood 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 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 Machining Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 231,000 $ 180,000 Product Y Product z Expected Activity 11,000 M 300 setups $ 94,000 2 products $ 260,000 10,000 DLH Number of setups 9,000 60 2,000 240 Number of products 1 1 Direct labor-hours 9.000 1,000 Foundational 4-1 (Algo) Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Plantwide overhead rate per DLH General factory Direct labor-hours $ 260,000 10,000 DLES Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y Product 2 9,000 60 2,000 240 1 9,000 1 1,000 Foundational 4-2 (Algo) 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z? (Round intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Manufacturing overhead allocated Product Y Product Z Machining in Machine setups Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y Product z 9,000 60 Machining 2,000 Number of setups 240 Number of products 1 1 Direct labor-hours 9,000 1,000 $ 231,000 $ 180,000 11,000 MES 300 setups $ 94,000 $ 260,000 2 products 10,000 DLES 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 per MH available for the company as a whole and for Produc Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y 9,000 60 and 2: Estimated Overhead Cost Activity Measure Product 2 Machining 2,000 Number of setups 240 Number of products 1 1 Direct labor-hours 9,000 1,000 231,000 $ 180,000 $ 94,000 $ 260,000 Expected Activit 11,000 MES 300 setups 2 products 10,000 DLHS Foundational 4-4 (Algo) 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup 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 $ 231,000 $ 180,000 $ 94,000 $ 260,000 Product Y Product Z 9,000 60 Activity Measure Machining 2,000 Number of setups 240 Number of products 1 1 Direct labor-hours 9,000 1,000 Expected Activity 11,000 MHS 300 setups 2 products 10,000 DLES Foundational 4-5 (Algo) 5. What is the activity rate for the Product Design activity cost pool? Activity rate 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 per DLH