Question: Please help this multi-step problem please. ! Required information Foundational (Algo) (L04-1, L04-2, LO4-3, L04-4) Greenwood Company manufactures two products-13,000 units of Product Y and













! Required information Foundational (Algo) (L04-1, L04-2, LO4-3, L04-4) 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 Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 235,200 $ 73,609 $ 80,000 $ 295,200 Expected Activity 12,000 MH 168 setups 2 products 12,000 DLHS Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machining Number of setups Number of products Direct labor-hours Product y Product Z 7,600 4,400 40 120 1 1 7,600 Foundational 4-1 (Algo) Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Plantwde overhead rate per DLH Required information Foundational (Algo) (L04-1, LO4-2, L04-3, LO4-4] 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 avalloble for the company as a whole and for Products Y and Z Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 235, 200 $ 73,600 $ 80,000 $ 295,200 Expected Activity 12,800 MHS 160 setups 2 products 12,088 DLHS Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machining Number of setups Number of products Direct labor-hours Product Product z 7,600 4,400 40 120 1 1 7,600 4,400 Foundational 4-2 (Algo) 2. Using the plontwide 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.) Product Y Product z Manufacturing overhead allocated 5oved Sundational 15 6 Required information Foundational (Algo) [LO4-1, LO4-2, LO4-3, L04-4) 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 Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 235, 200 $ 73,680 $ 80,000 $ 295,200 Expected Activity 12,000 MHS 16 setups 2 products 12,000 OLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Product Z 7,600 4,400 40 120 1 1 7,600 4,400 ces Foundational 4-3 (Algo) 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) Activity rate per MH O Required information Foundational (Algo) (L04-1, L04-2, LO4-3, L04-4) 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 2 Estimated Activity Cost Pool Activity Measure Overhead Cost Expected Activity Machining Machine-hours $ 235, 200 12,000 Mis Machine setups Number of setups $ 73,600 160 setups Production design Number of products $ 80,000 2 products General factory Direct labor-hours $ 295, 200 12,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Product Z 7,600 4,400 40 1 7,600 4,400 120 onces Foundational 4.4 (Algo) 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup Required information Foundational (Algo) [LO4-1, LO4-2, L04-3, L04-4) Greenwood Company manufactures two products_13,000 units of Product Y and 5,000 units of Product Z The company uses a plantwide overhead rote 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 Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 235,200 $ 73,600 $ 80,000 $ 295,200 Expected Activity 12,000 MHS 160 setups 2 products 12,000 DLHS Product 2 4,480 Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 7,600 40 1 120 1 4,480 7,600 Foundational 4-5 (Algo) 5. What is the activity rate for the Product Design activity cost pool? Activity rate per product Required information Foundational (Algo) (L04-1, LO4-2, L04-3, L04-4) 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 Estimated Activity Cost Pool Activity Measure Overhead Cost Expected Activity Machining Machine-hours $ 235,200 12,000 MHS Machine setups Number of setups $ 73,600 168 setups Production design Number of products $ 80,000 2 products General factory Direct labor-hours $ 295,200 12,000 DLHS Activity Measure Product Y Product 2 Machining 7,600 4,400 Number of setups 120 Number of products Direct labor hours 7,600 4,400 40 1 2 Foundational 4-6 (Algo) 6. What is the activity rate for the General Factory activity cost pool? (Round your answer to 2 decimal places.) Activity rate per DLH saved pundational 150 Required information Foundational (Algo) (LO4-1, L04-2, LO4-3, LO4-4) Greenwood Company manufactures two products13,000 units of Product Y and 5,000 units of Product Z. The company uses o 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 Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 235,200 $ 73,600 $ 80,000 $ 295,200 Expected Activity 12,000 MHS 168 setups 2 products 12,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 7,600 40 1 7,600 Product z 4,480 120 1 4,400 Foundational 4-7 (Algo) 7. Which of the four activities is a batch-level activity? Machining activity o General factory activity O Product design activity O Machine setups activity Required information Foundational (Algo) [LO4-1, L04-2, L04-3, L04-4) 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 Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 235, 200 $ 73,600 $ 80,000 $ 295,200 Expected Activity 12,000 MHS 160 setups 2 products 12,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Product z 7,600 4,400 40 120 1 1 7,600 4,400 Foundational 4-9 (Algo) 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 doller amount.) Total manutacturing overhead cost Required information Foundational (Algo) (L04-1, LO4-2, L04-3, LO4-4) 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 Machine hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 235, 200 $ 73,600 $ 80,000 $ 295,200 Expected Activity 12,000 MHS 160 setups 2 products 12,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 7,600 40 1 7,600 Product z 4,480 120 1 4,400 Foundational 4-10 (Algo) 10. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product 22 (Round your intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Total manufacturing overhead cost Required information Foundational (Algo) (L04-1, L04-2, L04-3, LO4-4) 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 Estimated Activity Cost Pool Activity Measure Overhead Cost Expected Activity Machining $ 235,200 MH Machine setups Number of setups $ 73,600 160 setups Production design Number of products $ 80,000 2 products General factory Direct labor-hours $ 295,299 12,900 DLHS Activity Measure Product Y Product z Machining 7,600 4,400 Number of setups Alumber of products Direct labor-hours 7,600 4,400 Machine-hours 40 1 120 1 Foundational 4-11 (Algo) 11. Using the plantwide overhead rote 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.) Product Product Total overhead cost Required information Foundational (Algo) (L04-1, LO4-2, LO4-3, L04-4) 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 Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 235,200 $ 73,600 $ 30,000 $ 295,200 Expected Activity 12,000 MHS 160 setups 2 products 12,000 DLHS Activity Measure Machining Number of setups Number of products Direct labore hours Product Product Z 7,600 4,400 40 120 1 1 7,600 4,400 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.) Product Y Product Machining cost dational 15 0 ! Required information Foundational (Algo) (L04-1, L04-2, LO4-3, L04-4) 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 lobor-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 Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 235,20 $ 73,600 $ 80,000 $ 295,200 Expected Activity 12,000 MHS 160 setups 2 products 12,000 DLHs Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 7,600 40 1 7,600 Product Z 4,400 120 1 4,400 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.) Product Y Product 2 Machine setups cost Required information Foundational (Algo) (L04-1, L04-2, L04-3, L04-4] 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: Estimated Activity Cost Pool Activity Measure Overhead Cost Expected Activity Machining Machine-hours $ 235,200 12,000 MIS Machine Setups Number of setups $ 73,600 160 setups Production design Number of products $ 80,000 2 products General factory Direct labor-hours $ 295,200 12,000 0.45 Activity Measure Product Product z Machining 7,600 4,400 Number of setups 120 Number of products Direct labor-hours 7,600 4,400 40 1 1 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.) Products Product Z Product design cost Required information Foundational (Algo) [LO4-1, L04-2, LO4-3, LO4-4) 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 Estimated Activity Cost Pool Activity Measure Overhead Cost Expected Activity Machining Machine-hour's $ 235,200 12,000 MHS Machine setups Number of setups $ 73,600 160 setups Production design Number of products $ 80,000 2 products General factory Direct labor hours $ 299,200 12,000 DLHS Activity Measure Product Y Product z Machining 7,600 4,480 Number of setups 40 120 Number of products 1 1 Direct labor-hours 7,680 4,400 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.) Product General factory cost Product z %
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