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URGENT HELP PLEASE!! please answer all 1 Part 1 of 15 Required information [The following information applies to the questions displayed below) Hickory Company manufactures
URGENT HELP PLEASE!! please answer all
1 Part 1 of 15 Required information [The following information applies to the questions displayed below) Hickory Company manufactures two products -15,000 units of Product Y and 7,000 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 $571,200 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 Expected Ativity coat Pool Activity Mensure Coat Activity Machining Machine-hours $ 210,100 11,000 MS Machine setups Number of setup $ 45,100 110 stupe Product design Number of products $ 75,000 2 producto General factory Direct labor-hours $ 241,000 13,200 L 8 13:45 ebook Activity Measure Machine-hours Number of setup Number of products Direct labor-hours Product Y Product 6.100 4,900 50 60 1 1 7,100 6.100 Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) por DLH Plantwide overhead rate 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z? (Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole dollar amount.) Product Product Z Manufacturing overhead allocated 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) Activity rate per MH 4. What is the activity rate for the Machine Setups activity cost pool? Activity rato per setup 5. What is the activity rate for the Product Design activity cost pool? Activity rate per product Step by Step Solution
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