These are our reference questions for our upcoming test, please provide detailed explanation with formulas used to derive answers, please revert as soon as possible

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 labour-hours. It is considering implementing an activity-based costing (ABC) system that allocates all 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 Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labour-hours Estimated Overhead Cost Expected Activity $ 200,000 10,000 MHS $ 100,000 200 setups $ 84,000 2 products $ 300,000 12,000 DLHs Activity Measure Machining Number of setups Number of products Direct labour-hours Product Product Y Z 7,000 3,000 50 150 1 1 8,000 4,000 Required: What is the company's plantwide overhead rate? Predetermined overhead rate per DLH Hickory Company manufactures two products14,000 units of Product Y and 6,000 units of Product Z. The company uses a plantwide overhead rate based on direct labour-hours. It is considering implementing an activity-based costing (ABC) system that allocates all 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 Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labour-hours Estimated Overhead Cost Expected Activity $ 200,000 10,000 MHS $ 100,000 200 setups $ 84,000 2 products $ 300,000 12,000 DLHS Activity Measure Machining Number of setups Number of products Direct labour-hours Product Product Y Z 7,000 3,000 50 150 1 1 8,000 4,000 Required: Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z? Total manufacturing overhead cost Hickory Company manufactures two products14,000 units of Product Y and 6,000 units of Product Z. The company uses a plantwide overhead rate based on direct labour-hours. It is considering implementing an activity-based costing (ABC) system that allocates all 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 Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labour-hours Estimated Overhead Cost $ 200,000 $ 100,000 $ 84,000 $ 300,000 Expected Activity 10,000 MHs 200 setups 2 products 12,000 DLHS Activity Measure Machining Number of setups Number of products Direct labour-hours Product Product Y z 7,000 3,000 50 150 1 1 8,000 4,000 Required: What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup Hickory Company manufactures two products14,000 units of Product Y and 6,000 units of Product Z. The company uses a plantwide overhead rate based on direct labour-hours. It is considering implementing an activity-based costing (ABC) system that allocates all 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 Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labour-hours Estimated Overhead Cost $ 200,000 $ 100,000 $ 84,000 $ 300,000 Expected Activity 10,000 MHS 200 setups 2 products 12,000 DLHS Activity Measure Machining Number of setups Number of products Direct labour-hours Product Product Y Z 7,000 3,000 50 150 1 1 8,000 4,000 Required: Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z? Product Y Product Z Manufacturing overhead allocated Hickory Company manufactures two products14,000 units of Product Y and 6,000 units of Product Z. The company uses a plantwide overhead rate based on direct labour-hours. It is considering implementing an activity-based costing (ABC) system that allocates all 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 Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labour-hours Estimated Overhead Cost Expected Activity $ 200,000 10,000 MHS $ 100,000 200 setups $ 84,000 2 products $ 300,000 12,000 DLHS Activity Measure Machining Number of setups Number of products Direct labour-hours Product Product Y Z 7,000 3,000 50 150 1 1 8,000 4,000 Required: What is the activity rate for the Product Design activity cost pool? Activity rate per product Hickory Company manufactures two products14,000 units of Product Y and 6,000 units of Product Z. The company uses a plantwide overhead rate based on direct labour-hours. It is considering implementing an activity-based costing (ABC) system that allocates all 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 Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labour-hours Estimated Overhead Cost $ 200,000 $ 100,000 $ 84,000 $ 300,000 Expected Activity 10,000 MHS 200 setups 2 products 12,000 DLHS Activity Measure Machining Number of setups Number of products Direct labour-hours Product Product Y 2 7,000 3,000 50 150 1 1 8,000 4,000 Required: What is the activity rate for the General Factory activity cost pool? Activity rate per DLH Hickory Company manufactures two products14,000 units of Product Y and 6,000 units of Product Z. The company uses a plantwide overhead rate based on direct labour-hours. It is considering implementing an activity-based costing (ABC) system that allocates all 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 Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labour-hours Estimated Overhead Cost Expected Activity $ 200,000 10,000 MHS $ 100,000 200 setups $ 84,000 2 products $ 300,000 12,000 DLHS Activity Measure Machining Number of setups Number of products Direct labour-hours Product Product Y Z 7,000 3,000 50 150 1 1 8,000 4,000 Required: Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y? Total manufacturing overhead cost