Question: Question #1 Question #2 Question #3 Question #4 Question #5 Question #6 Question #7 Greenwood Company manufactures two products-13,000 units of Product Y and 5,000






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 Overhead Expected Activity 12,000 MHs 130 setups 2 products 15, 000 DLHs Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Cost $231, 600 $ 55,900 $ 77,000 $364, 500 Product Z Product Activity Measure Machining Number of setups Numb Direct labor-hours 4, 700 7, 300 40 90 1 of products 1 7,300 7, 700 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.) 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 Expected Activity 12, 000 MHs 130 setups 2 products 15, 000 DLHs Overhead Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Cost 231, 600 S 55,900 $ 77,000 $ 364, 500 Product Z Product Y 7, 300 40 1 7,300 Activity Measure Machining Number of setups Number of products Direct labor-hours 4, 700 90 1 7,700 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.) Estimated Overhead Cost $231, 600 $ 55, 900 $ 77,000 $364, 500 Expected Activity 12,000 MHs 130 setups Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours 2 products 15, 000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y Product Z 4, 700 7,300 40 90 1 1 7,300 7,700 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.) Product Y Product Z %F Total overhead cost % 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 Z Product Y % % Machining cost 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 Z Machine setups cost % % 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.) Product Z Product Y Product design cost % 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 Z Product Y % General factory cost %
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
