Required Information [The following information applies to the questions displayed below.) 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 labor-hours. It is considering Implementing an activity-based costing (ABC) system that allocates all $586,500 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 Expected Activity Cont Pool Activity Measure Overhead Cost Activity Machining Machine-hours $ 195,000 10,000 MHS Machine setups Number of setups $ 67,500 150 setups Number of Product design 79,000 2 products products General factory Direct labor- $ hours 245,000 12,000 DLHS 36 $ Activity Mensure Machine-hours Number of setups Number of products Direct labor-hours Product Product Z 6,500 3,500 50 100 1 1 7,500 4,500 Required: 1. What is the company's plantwide overhead rato? (Round your answer to 2 decimal places.) Plantwide overhead rate Tpor DLH 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z? (Round you Intermediate calculations to 2 decimal places and your final answers to the nearest whole dollar amount.) Product Product Z Manufacturing overhead allocated 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) Activity rate por MH 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup 5. What is the activity rate for the Product Design activity cost pool? Activity rate per product 6. What is the activity rate for the General Factory activity cost pool? (Round your answer to 2 decimal places.) 2 Activity rate per DLH 7. Which of the four activities is a batch-level activity? O Machine setups activity O Product design activity O General factory activity Machining activity 8. Which of the four activities is a product-level activity? O Machining activity O Machine setups activity O Product design activity o General factory activity 9. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y? (Round all Intermediate calculations to 2 decimal places.) Total manufacturing overhead cont 10. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z? Total manufacturing overhead cost 11. Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product Z? (Round your "Percentage" answers to 2 decimal place.) Product Y Product Manufacturing overhead 12. Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z? (Round your "Percentage" answers to 2 decimal places.) Product Y Product 2 Machining cost % 13. Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? (Round your "Percentage" answers to 2 decimal places.) Product Y Product z Machine setups cost 14. Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z? Product Y Product z Product design cost % 15. Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? (Round your "Percentage" answers to 2 decimal place.) Product Product z General factory out %
