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=

2. 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=

3. 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.)

Total overhead cost:

Product Y _____% =

Product Z _____%=

4. 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.)

Machine setups cost:

Product Y ______%=

Product Z ______%=

5. 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 design cost:

Product Y _____%=

Product Z ______%=

6. 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.)

General factory cost:

Product Y ____%=

Product Z ___%=

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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 Estimated Overhead Cost $ 216,700 $ 79,900 $ 81,000 $ 247,000 Product Y Product Z 7,700 3,300 110 60 1 1 7,700 2,300 Expected Activity 11,000 MHS 170 setups 2 products 10,000 DLHS 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 Estimated Overhead Cost $ 216,700 $ 79,900 $ 81,000 $ 247,000 Product Y Product Z 7,700 3,300 110 60 1 1 7,700 2,300 Expected Activity 11,000 MHS 170 setups 2 products 10,000 DLHS

Answer rating: 100% (QA)

To answer these questions we need to allocate the manufacturing overhead costs to the two products based on activitybased costing ABC Well follow the ... View the full answer