Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 units of Product Z. The...

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Greenwood 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 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 4-1 Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Predetermined overhead rate Product Y 7,600 40 1 7,600 Estimated Overhead Cost $ 235, 200 $ 73,600 $ 80,000 $ 295, 200 per DLH Product Z 4,400 120 1 4,400 Expected Activity 12,000 MHs 160 setups 12,000 DLHS Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) 2 products 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z? (Round your intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Manufacturing overhead allocated Product Y Product Z 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) per MH Activity rate 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup 5. What is the activity rate for the Product Design activity cost pool? Activity rate per product 6. What is the activity rate for the General Factory activity cost pool? (Round your answer to 2 decimal places.) Activity rate per DLH 7. Which of the four activities is a batch-level activity? O Machining activity General factory activity O Product design activity O Machine setups activity 8. Which of the four activities is a product-level activity? Machining activity General factory activity O Product design activity O Machine setups activity 9. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y? (Round your intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Total manufacturing overhead cost 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 Greenwood 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 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 4-1 Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Predetermined overhead rate Product Y 7,600 40 1 7,600 Estimated Overhead Cost $ 235, 200 $ 73,600 $ 80,000 $ 295, 200 per DLH Product Z 4,400 120 1 4,400 Expected Activity 12,000 MHs 160 setups 12,000 DLHS Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) 2 products 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z? (Round your intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Manufacturing overhead allocated Product Y Product Z 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) per MH Activity rate 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup 5. What is the activity rate for the Product Design activity cost pool? Activity rate per product 6. What is the activity rate for the General Factory activity cost pool? (Round your answer to 2 decimal places.) Activity rate per DLH 7. Which of the four activities is a batch-level activity? O Machining activity General factory activity O Product design activity O Machine setups activity 8. Which of the four activities is a product-level activity? Machining activity General factory activity O Product design activity O Machine setups activity 9. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y? (Round your intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Total manufacturing overhead cost 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 Greenwood 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 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 4-1 Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Predetermined overhead rate Product Y 7,600 40 1 7,600 Estimated Overhead Cost $ 235, 200 $ 73,600 $ 80,000 $ 295, 200 per DLH Product Z 4,400 120 1 4,400 Expected Activity 12,000 MHs 160 setups 12,000 DLHS Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) 2 products 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z? (Round your intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Manufacturing overhead allocated Product Y Product Z 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) per MH Activity rate 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup 5. What is the activity rate for the Product Design activity cost pool? Activity rate per product 6. What is the activity rate for the General Factory activity cost pool? (Round your answer to 2 decimal places.) Activity rate per DLH 7. Which of the four activities is a batch-level activity? O Machining activity General factory activity O Product design activity O Machine setups activity 8. Which of the four activities is a product-level activity? Machining activity General factory activity O Product design activity O Machine setups activity 9. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y? (Round your intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Total manufacturing overhead cost 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 Greenwood 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 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 4-1 Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Predetermined overhead rate Product Y 7,600 40 1 7,600 Estimated Overhead Cost $ 235, 200 $ 73,600 $ 80,000 $ 295, 200 per DLH Product Z 4,400 120 1 4,400 Expected Activity 12,000 MHs 160 setups 12,000 DLHS Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) 2 products 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z? (Round your intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Manufacturing overhead allocated Product Y Product Z 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) per MH Activity rate 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup 5. What is the activity rate for the Product Design activity cost pool? Activity rate per product 6. What is the activity rate for the General Factory activity cost pool? (Round your answer to 2 decimal places.) Activity rate per DLH 7. Which of the four activities is a batch-level activity? O Machining activity General factory activity O Product design activity O Machine setups activity 8. Which of the four activities is a product-level activity? Machining activity General factory activity O Product design activity O Machine setups activity 9. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y? (Round your intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Total manufacturing overhead cost 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