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Required information The Foundational 15 [LO7-1, L07-3, LO7-4] (The following information applies to the questions displayed below.] Hickory Company manufactures two products-13,000 units of Product
Required information The Foundational 15 [LO7-1, L07-3, LO7-4] (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 $788,400 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 Activity Cost Pool Machining Machine setups Product design General factory Expected Activity Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Cost $ 238,800 12,000 MHs $ 93,100 $ 83,0ee $ 373,5ee 14,400 DLHs 190 setups 2 products Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y Product2z 5,100 150 6,900 40 1 7,900 6,500 Foundational 7-11 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.)
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