Weissman Corporation manufactures two products: Product E16S and Product P17K. The company is considering implementing an activity-based costing (ABC) system that allocates its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products E16S and P17K. Activity Cost Pool Machining Machine setups Product design Order size Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Total Cost $220,000 Product E16s Product P17K 7,000 270 1 3,000 4,000 130 1 7,000 Total Activity 11,000 MHS $ 240,000 $ 74,000 $ 270,000 400 setups 2 products 10,000 DLHS Using the ABC system, the percentage of the total overhead cost that is assigned to Product E16S is closest to: Multiple Choice 52.24%