Question: Required information Foundational ( Algo ) [ LO 4 - 1 , LO 4 - 2 , LO 4 - 3 , LO 4 -
Required information
Foundational AlgoLO LO LO LO
Skip to question
Greenwood Company manufactures two products units of Product Y and units of Product Z The company uses a plantwide overhead rate based on direct laborhours. It is considering implementing an activitybased 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 Activity Measure Estimated Overhead Cost Expected Activity
Machining Machinehours $ MHs
Machine setups Number of setups $ setups
Production design Number of products $ products
General factory Direct laborhours $ DLHs
Activity Measure Product Y Product Z
Machining
Number of setups
Number of products
Direct laborhours
Foundational Algo
Required:
What is the companys plantwide overhead rate?
Note: Round your answer to decimal places.
Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z
Note: Round your intermediate calculations to decimal places. Round your answers to the nearest dollar amount.
What is the activity rate for the Machining activity cost pool?
Note: Round your answer to decimal places.
What is the activity rate for the Machine Setups activity cost pool?
What is the activity rate for the Product Design activity cost pool?
What is the activity rate for the General Factory activity cost pool?
Note: Round your answer to decimal places.
Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y
Note: Round your intermediate calculations to decimal places. Round your answer to the nearest dollar amount.
Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z
Note: Round your intermediate calculations to decimal places. Round your answer to the nearest dollar amount.
Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product Z
Note: Round your intermediate calculations to decimal places. Round your answers to decimal places.Item
Part of
Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z
Note: Round your intermediate calculations to decimal places. Round your answers to decimal places.
Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z
Note: Round your intermediate calculations to decimal places. Round your answers to decimal places.
Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z
Note: Round your answers to decimal places.
Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z
Note: Round your intermediate calculations and final answers to decimal places.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
