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 products13,000 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: 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 Cost $ 246,000 $ 137,500 $ 89,000 $ 357,000 Expected Activity 12,000 MHS 250 setups 2 products 14,400 DLHS Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y 7,500 40 1 8,500 Product z 4,500 210 1 5,900 Foundational 7-1 (Algo) Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Plantwide overhead rate per DLH ! 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 products13,000 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: 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 Cost $ 246,000 $ 137,500 $ 89,000 $ 357,000 Expected Activity 12,000 MHs 250 setups 2 products 14,400 DLHS Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y 7,500 40 1 8,500 Product z 4,500 210 1 5,900 Foundational 7-2 (Algo) 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z? (Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole dollar amount.) Product Y Product Z Manufacturing overhead allocated 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 products13,000 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: 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 Cost $ 246,000 $ 137,500 $ 89,000 $ 357,000 Expected Activity 12,000 MHs 250 setups 2 products 14,400 DLHS Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y 7,500 40 1 8,500 Product z 4,500 210 1 5,900 Foundational 7-3 (Algo) 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) Activity rate per MH ! 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 products13,000 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: 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 Cost $ 246,000 $ 137,500 $ 89,000 $ 357,000 Expected Activity 12,000 MHs 250 setups 2 products 14,400 DLHS Product Y 7,500 Product z 4,500 Activity Measure Machine-hours Number of setups Number of products Direct labor-hours 1 8,500 1 5,900 Foundational 7-4 (Algo) 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup Required information The Foundational 15 (Algo) (L07-1, L07-3, LO7-4] [The following information applies to the questions displayed below.) Hickory Company manufactures two products13,000 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: 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 Cost $ 246,000 $ 137,500 $ 89,000 $ 357,000 Expected Activity 12,000 MHs 250 setups 2 products 14,400 DLHS Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y 7,500 40 1 8,500 Product Z 4,500 210 1 5,900 Foundational 7-5 (Algo) 5. What is the activity rate for the Product Design activity cost pool? Activity rate per product 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 products13,000 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: 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 Cost $ 246,000 $ 137,500 $ 89,000 $ 357,000 Expected Activity 12,000 MHS 250 setups 2 products 14,400 DLHS Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y 7,500 40 1 8,500 Product z 4,500 210 1 5,900 Foundational 7-6 (Algo) 6. What is the activity rate for the General Factory activity cost pool? (Round your answer to 2 decimal places.) Activity rate per DLH ! 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 products13,000 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: 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 Cost $ 246,000 $ 137,500 $ 89,000 $ 357,000 Expected Activity 12,000 MHs 250 setups 2 products 14,400 DLHs Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y 7,500 40 1 8,500 Product Z 4,500 210 1 5,900 Foundational 7-7 (Algo) 7. Which of the four activities is a batch-level activity? O Product design activity O Machine setups activity O Machining activity O General factory activity 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 products13,000 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: 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 Cost $ 246,000 $ 137,500 $ 89,000 $ 357,000 Expected Activity 12,000 MHs 250 setups 2 products 14,400 DLHS Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y 7,500 40 1 8,500 Product z 4,500 210 1 5,900 Foundational 7-8 (Algo) 8. Which of the four activities is a product-level activity? O Machining activity O General factory activity O Machine setups activity O Product design activity ! 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 products13,000 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: 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 Cost $ 246,000 $ 137,500 $ 89,000 $ 357,000 Expected Activity 12,000 MHS 250 setups 2 products 14,400 DLHS Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y 7,500 40 1 8,500 Product Z 4,500 210 1 5,900 Foundational 7-9 (Algo) 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 Required information The Foundational 15 (Algo) (L07-1, LO7-3, L07-4] (The following information applies to the questions displayed below.) Hickory Company manufactures two products13,000 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: 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 Cost $ 246,000 $ 137,500 $ 89,000 $ 357,000 Expected Activity 12,000 MHS 250 setups 2 products 14,400 DLHS Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y 7,500 40 1 8,500 Product Z 4,500 210 1 5,900 Foundational 7-10 (Algo) 10. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z? Total manufacturing overhead cost ! Required information The Foundational 15 (Algo) (LO7-1, LO7-3, L07-4] (The following information applies to the questions displayed below.) Hickory Company manufactures two products13,000 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: 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 Cost $ 246,000 $ 137,500 $ 89,000 $ 357,000 Expected Activity 12,000 MHS 250 setups 2 products 14,400 DLHS Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y 7,500 40 Product Z 4,500 210 1 5,900 8,500 Foundational 7-11 (Algo) 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 z Product Y % Manufacturing overhead % ! 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 products13,000 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: 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 Cost $ 246,000 $ 137,500 $ 89,000 $ 357,000 Expected Activity 12,000 MHs 250 setups 2 products 14,400 DLHs Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y 7,500 40 1 8,500 Product Z 4,500 210 1 5,900 Foundational 7-12 (Algo) 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 % % ! 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 products13,000 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: 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 Cost $ 246,000 $ 137,500 $ 89,000 $ 357,000 Expected Activity 12,000 MHs 250 setups 2 products 14,400 DLHS Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y 7,500 40 1 8,500 Product z 4,500 210 1 5,900 Foundational 7-13 (Algo) 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 % % ! 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 products13,000 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: 5. 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 Cost $ 246,000 $ 137,500 $ 89,000 $ 357,000 Expected Activity 12,000 MHs 250 setups 2 products 14,400 DLHS Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y 7,500 40 1 8,500 Product Z 4,500 210 5,900 Foundational 7-14 (Algo) 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 % % ! 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 products13,000 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: 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 Cost $ 246,000 $ 137,500 $ 89,000 $ 357,000 Expected Activity 12,000 MHs 250 setups 2 products 14,400 DLHs Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y 7,500 40 1 8,500 Product Z 4,500 210 1 5,900 Foundational 7-15 (Algo) 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 % %