2. 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z?

Note: Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole dollar amount.

Activity Cost Pool Machining Machine setups Product design General factory 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 [The following information applies to the questions displayed below.] Estimated Overhead Cost $ 213,400 $ 61,600 $ 78,000 $ 244,000 Product Product Z 6,400 4,600 60 88 1 1 7,400 5,800 Hickory Company manufactures two products15,000 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 $597.000 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: Expected Activity 11,000 140 2 13,200 MHs setups products DLHs Required: 1. What is the company's plantwide overhead rate? Note: Round your answer to 2 decimal places