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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 products-15,000 units of
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 products-15,000 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 $674,000 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 : oundational 7-11 (Algo) I. Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product Z ? lote: Round intermediate calculations to 2 decimal places. Round your "Percentage" answers to 2 decimal place. Answer is complete but not entirely correct
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