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Required information Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 units of Product uses a plantwide overhead rate based on direct labor-hours.

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Required information Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 units of Product uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-bas (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional ir 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 $ 231,600 $ 55,900 $ 77,000 $364,500 Expected Activity 12,000 MHs 130 setups 2 products 15, DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 7,300 40 1 7,300 Product z 4,700 90 1 7,700 12. Using the ABC system, what percentage of the Machining costs is assigned to product Y and Product Z? (Round yo calculations to 2 decimal places. Round your answers to 2 decimal places.)

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