The percentages of overhead assigned using the plantwide and ABC approaches are computed as follows: Product Y (a) (a): (c) Amount % Product Z (b) (b) = (c) Amount % Total (c) Amount Plantwide Approach Manufacturing overhead (see Q2). $ 456,000 67% $ 228,000 33% $684,000 Activity-Based Costing System Machining (see Q9-10) Machine setups (see 09-10) Product design (see Q9-10) General factory(see Q9-10) Total cost assigned to products $ 140,000 $ 25,000 $ 42,000 $ 200,000 $ 407,000 70% 25% 50% 67% $ 60,000 $ 75,000 $ 42,000 $ 100,000 $ 277,000 30% 75% 50% $200,000 100,000 84,000 300,000 $684,000 33% 212% 188% I Are the percentages under the plantwide approach and under activity-based costing system similar? Comment: 1 1 1 1 The percentages of overhead assigned using the plantwide and ABC approaches are computed as follows: Product Y (a) (a): (c) Amount % Product Z (b) (b) = (c) Amount % Total (c) Amount Plantwide Approach Manufacturing overhead (see Q2). $ 456,000 67% $ 228,000 33% $684,000 Activity-Based Costing System Machining (see Q9-10) Machine setups (see 09-10) Product design (see Q9-10) General factory(see Q9-10) Total cost assigned to products $ 140,000 $ 25,000 $ 42,000 $ 200,000 $ 407,000 70% 25% 50% 67% $ 60,000 $ 75,000 $ 42,000 $ 100,000 $ 277,000 30% 75% 50% $200,000 100,000 84,000 300,000 $684,000 33% 212% 188% I Are the percentages under the plantwide approach and under activity-based costing system similar? Comment: 1 1 1 1