Let $R$ be an $\mathbb{N}$-graded Noetherian ring, with $R_0$ local Artinian. Assume also that $R$ is finitely generated over $R_0$ by elements of degree $1$. Let $M$ be a Cohen-Macaulay $R$-module. Let $Y$ be an indeterminate over $R_0$ and define the local ring $R_0(Y)=R_0[Y]_S$, where $S$ is the multiplicative set of $R_0[Y]$ which consists of all polynomials that contain at least one unit in their coefficients. Finally, define $R' = R \otimes_{R_0} R_0(Y)$ and $M' = M \otimes_{R_0} R_0(Y)$. Notice that the local ring homomorphism $R_0 \rightarrow R_0(Y)$ is flat and that its fibre is $k(Y)$, where $k$ is the residue class field of $R_0$.
Question 1: How can we see that $M'$ is a Cohen-Macaulay $R'$-module?
Question 2: How can we see that the Krull dimensions of $M,M'$ are equal?
PS: If we have a local homomorphism $(R,m) \rightarrow (S,n)$ of Noetherian rings and a finite $S$-module $N$ that is flat over $R$, then for a finite $R$-module $M$, $M \otimes_R N$ is CM over $S$ if and only if $M$ is CM and $N/mN$ is CM over $S$. What confuses me in the present situation is that there are more than two rings present i.e. $R, R_0, R_0(Y)$ and in fact $R$ is not even local.