The following information applies to the questions displayed below of Product Y and 6,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. ih is Hickory Company manufactures two products-14,000 units considering implementing an activity based costing (ABC) system company as a whole and for Products Y and g additional information is available for the that alocates all of its manufacturing overhead to four cost pools. The followin Activity Cost Pool Activity Overhead Cost 0,000 MHs 120 setups Machine setups Production design General factory Number of setups Ndmber of products Direct labor-hours 50,400 6,000 387,200 2 products 2000 DLHs Product 2 70 2,000 6.200 50 Machine-hours Number of setups Number of products Direct labor-hours 10,000 Required information 5.00 points Required: What is the activity rate for the Machine Setups activity cost poot? per setup Required information 5.00 points Required: Using the ABC system, how much total manufacturing overthead cost would be assigned to Product 2? (Do not round intermediate caleulations and round your final answer to the nearest dollar amount