! Required information The Foundational 15 (Algo) (LO7-1, LO7-3, LO7-4) (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 $597,000 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 Machining Machine setups Product design General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Expected Cost Activity $ 213,400 11,000 MHs $ 61,600 140 setups $ 78,000 2 products $ 244,000 13,200 DLHS Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y Product Z 6,400 4,600 60 80 1 1 7,400 5,800 7. Which of the four activities is a batch-level activity? Machining activity General factory activity O Product design activity O Machine setups activity 8. Which of the four activities is a product-level activity? Machining activity General factory activity O Product design activity O Machine setups 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 cost 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 z Manufacturing overhead % %