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Required information [The following information applies to the questions displayed below.] Hickory Company manufactures two products15,000 units of Product Y and 7,000 units of Product

Required information

[The following information applies to the questions displayed below.]

Hickory Company manufactures two products15,000 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 $571,200 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 Activity Measure Estimated Overhead Cost Expected Activity
Machining Machine-hours $ 210,100 11,000 MHs
Machine setups Number of setups $ 45,100 110 setups
Product design Number of products $ 75,000 2 products
General factory Direct labor-hours $ 241,000 13,200 DLHs

Activity Measure Product Y Product Z
Machine-hours 6,100 4,900
Number of setups 50 60
Number of products 1 1
Direct labor-hours 7,100 6,100

1. . What is the activity rate for the General Factory activity cost pool? (Round your answer to 2 decimal places.)

2. . Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y? (Round all intermediate calculations to 2 decimal places.)

3. . Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z?

4. 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.)

5. 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.)

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