Ch. 5 - This is all one problem.

Required information The following information applies to the questions displayed below.J 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 activitybased costing (ABC) system that allocates all \$597,000 of its manufacturing overhead to four cost pools. The following additional information is ayailable for the company as a whole and for Products Y and Z : Required: 1. What is the company's plantwide overhead rate? Note: Round your answer to 2 decimal places 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z? Note: Round your intermedlate calculations to 2 decimal places and your final answers to the nearest whole dollar amount. 3. What is the activity rate for the Machining activity cost pool? Note: Round your answer to 2 decimal places. 4. What is the activity rate for the Machine Setups activity cost pool? 5. What is the activity rate for the Product Design activity cost pool? 9. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y? Note: Round all intermediate calculations to 2 decimal places. 6. What is the activity rate for the General Factory activity cost pool? Note: Round your answer to 2 decimal places. 10. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z ? 11. Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product Z? Note: Round your "Percentage" answers to 2 decimal place. 12. Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z ? Note: Round your "Percentage" answers to 2 decimal places. 13. Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? Note: Round your "Percentage" answers to 2 decimal places. 14. Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z ? 15. Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? Note: Round your "Percentage" answers to 2 decimal place