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 Total Cost Total Activity $220, 809 11,800 MHS $240,000 480 setups $ 74,089 2 products $270,000 10,800 DLHS Product E16S 7,000 Product P17K 4,000 Activity Measure Machine-hours Number of setups Number of products Direct labor hours 270 130 3,000 7,000 Using the ABC system, the percentage of the total overhead cost that is assigned to Product E16S is closest to Multiple Choice 10.07% 52.24% 42.1696 50.00%