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Required information [The following information applies to the questions displayed below., Hickory Company manufactures two products-13,000 units of Product Y and 5,000 units of Product
Required information [The following information applies to the questions displayed below., Hickory Company manufactures two products-13,000 units of Product Y and 5,000 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 $829,500 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 Overhead Cost Expected Activity Activity Cost Pool Machining Machine setups Product design General factory Activity Measure Machine-hours Number of setups Number of products 89,000 Direct labor-hor 357,000 14,400 DLHs 246,000 12,000 MHs 137,500 250 setups 2 products Activity Measure Product YProduct Z Machine-hours Number of setups Number of products Direct labor-hours 7,500 4 0 4,500 210 8,500 5,900 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 Z Manufacturing overhead
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