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Required information [The following information applies to the questions displayed below) Hickory Company manufactures two products-15,000 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 products-15,000 units of Product Y and 7,000 units of Product Z The company uses a plantwide overhead rate based on direct labour-hours. It is considering implementing an activity-based costing (ABC) system that allocates all 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 Activity Measure Overhead Cost Expected Activity Machining Machine-hours $221,100 11,000 MH Machine setups Number of setups $107,100 210 setups Product design Number of products $ 85,000 2 products General factory Direct labour-hours $251.000 13,200 DLHS Activity Measure Machine-hours Number of setups Number of products Direct labour-hours Product Y 7.100 60 1 8,100 Product z 3,900 150 1 5,180 Required: Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product and Product Z? (Round your Intermediate calculations to 2 decimal places. Round your "Percentage answers to 2 decimal places. (.e. 0.1234 should be entered as 12.34)) Product Product Z Manufacturing overhead
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