chapter 4 foundational 7-13

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Required Information Foundational (Algo) [LO4-1, LO4-2, LO4-3, LO4-4] Greenwood 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 activity-based costing (ABC) system that allocates all 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 Machining Machine setups Production design General factory Activity Measure Machining Number of setups Number of products. Direct labor-hours Foundational 4-10 (Algo) Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y 7,400 60 1 7,400 Estimated Overhead Cost $ 213,400 $ 61,600 $ 78,000 $ 244,000 Product z 3,600 Be 1 2,600 Expected Activity 11,000 MHS 140 setups 2 products 10,000 DLHS 10. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z? (Round your Intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Total manufacturing overhead cost Required Information Foundational (Algo) [LO4-1, LO4-2, LO4-3, LO4-4] Greenwood 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 activity-based costing (ABC) system that allocates all 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 Machining Machine setups Production design General factory Activity Measure Machining Number of setups. Number of products. Direct labor-hours Activity Measure Machine-hours Total overhead cost Number of setups Number of products Direct labor-hours Product Y 7,400 60 Product Y 1 7,400 % Estimated Overhead Cost $ 213,400 $ 61,600 $ 78,000 $ 244,000 Product z 3,600 80 1 2,600 Product Z Expected Activity 11,000 MHS Foundational 4-11 (Algo) 11. Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product Z? (Round your Intermediate calculations to 2 decimal places. Round your answers to 2 decimal places.) 140 setups 2 products 10,000 DLHS Required Information Foundational (Algo) [LO4-1, LO4-2, LO4-3, LO4-4] Greenwood 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 activity-based costing (ABC) system that allocates all 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 Machining Machine setups Production design General factory Activity Measure Machining Number of setups Number of products Direct labor-hours Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Machining cost Product Y 7,400 60 Product Y 1 7,400 Product Z Estimated Overhead Cost $ 213,400 $ 61,600 $ 78,000 $ 244,000 Product Z 3,600 se 1 2,600 % Expected Activity 11,000 MHS Foundational 4-12 (Algo) 12. Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z? (Round your Intermediate calculations to 2 decimal places. Round your answers to 2 decimal places.) 140 setups 2 products 10,000 DLHS Required Information Foundational (Algo) [LO4-1, L04-2, LO4-3, LO4-4] Greenwood 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 activity-based costing (ABC) system that allocates all 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 Machining Machine setups Production design General factory Activity Measure Machining Number of setups Number of products Direct labor-hours Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Machine setups cost Product Y 7,400 60 1 7,400 Product Y Product z 3,600 80 1 2,600 Estimated Overhead Cost $ 213,400 $ 61,600 $ 78,000 $ 244,000 Foundational 4-13 (Algo) 13. Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? (Round your Intermediate calculations to 2 decimal places. Round your answers to 2 decimal places.) Pr ct Z % Expected Activity 11,000 MHS 140 setups 2 products 10,000 DLHS Required Information Foundational (Algo) [LO4-1, LO4-2, LO4-3, LO4-4] Greenwood 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 activity-based costing (ABC) system that allocates all 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 Machining Machine setups Production design General factory Activity Measure Machining Number of setups Number of products Direct labor-hours Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product design cost Product Y Product Y 7,400 60 % 1 7,400 Product 2 3,600 se 1 2,600 Estimated Overhead Cost $ 213,400 $ 61,600 $ 78,000 $ 244,000 Product Z % Expected Activity 11,000 MHS Foundational 4-14 (Algo) 14. Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z? (Round your answers to 2 decimal places.) 140 setups 2 products 10,000 DLHS my work Required Information Foundational (Algo) [LO4-1, LO4-2, LO4-3, LO4-4] Greenwood 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 activity-based costing (ABC) system that allocates all 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 Machining Machine setups Production design. General factory Activity Measure Machining Number of setups Number of products Direct labor-hours Activity Measure Machine-hours Number of setups Number of products Direct labor-hours General factory cost Product Y 7,400 60 Product Y 1 7,400 % Product z 3,600 88 Estimated Overhead Cost $ 213,400 $ 61,600 $ 78,000 $ 244,000 Product Z % 1 2,600 Foundational 4-15 (Algo) 15. Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? (Round your Intermediate calculations and final answers to 2 decimal places.) Expected Activity 11,000 MHS 140 setups 2 products 10,000 DLHS