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What percentage of the machining costs is assigned

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Reference no: EM132581001

Hickory Company manufactures two products-13,000 units of Product Y and 5,000 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 $745,200 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:

Activity                                      Cost Pool                   Activity Measure Estimated                Overhead Cost              Expected

Activity Machining                  Machine-hours                  $242,400                                      12,000 MHs

Machine setups                   Number of setups               $114,400                                            220 setups

Product design                       Number of products            $86,000                                            2 products

General factory                         Direct labor-hours              $302,400                                    14,400 DLHs

Activity Measure             Product Y                  Product Z

Machine-hours                        7,200                4,800

Number of setups                     40                   180

Number of products                      1                    1

Direct labor-hours                    8,200                  6,200

Question 1: Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z? (Round your "Percentage" answers to 2 decimal places.)

Reference no: EM132581001

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