Required information The Foundational 15 [LO7-1, LO7-3, L07-4] The following information applies to the questions displayed below. Hickory Company manufactures two products-14,000 units of Product Y and 6,000 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 $705,600 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 Cost Expected Activity Activity Cost Pool Machining Machine setups Product design General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours 387,200 12,000 DLHs $ 192,000 10,000 MHs $ 50,400 120 setups 76,000 2 products Activity Measure Product Y Product z Machine-hours Number of setups Number of products Direct labor-hours 6,200 50 3,800 70 10,000 2,000 Required 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Plantwide overhead rate per DLH 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) Activity rate per MH 5. What is the activity rate for the Product Design activity cost pool? Activity rate per product 7. Which of the four activities is a batch-level activity? Product design activity Machining activity General factory activity Machine setups activity