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Required information [The following information applies to the questions displayed below. Hickory Company manufactures two products14,000 units of Product Y and 6,000 units of Product
Required information [The following information applies to the questions displayed below. Hickory Company manufactures two products14,000 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 $791,400 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 Overhead Expected Cost Activity $203,000 10,000 MHs Activity Cost Activity Pool Measure Machine- Machining hours Machine Number of setups setups Product Number of design products General Direct factory labor-hours $121,900 230 setups $ 87,000 2 products $379,500 12,000 DLHs Product Product Z 7,300 2,700 50 180 Activity Measure Machine-hours Number of setups Number of products Direct labor- hours 1 1 9,500 2,500 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 z 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 Y Product z % General factory cost %
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