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Accounting Questions, pls help! Check my work Required information. Foundational (Algo) [LO4-1, LO4-2, LO4-3, LO4-4] Greenwood Company manufactures two products-14,000 units of Product Y and
Accounting Questions, pls help!
Check my work Required information. Foundational (Algo) [LO4-1, LO4-2, LO4-3, LO4-4] Greenwood Company manufactures two products-14,000 units of Product Y and 6,000 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 Expected Activity 10,000 MH Estimated Overhead Cost $ 203,000 $121,900 $ 87,000 Activity Measure Machine-hours Number of setups Number of products Direct labor-hours 230 setups $ 379,500 15,000 DLHS Activity Measure. Machining Product 8,300 Product 2 1,700 50 180 Number of setups Number of products Direct labor-hours 1 1 9,500 5,500 Foundational 4-1 (Algo) Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Plantwide overhead rate. per DLH 2 products Foundational 4-2 (Algo) 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product 2? (Round your intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Product Y Product Z Manufacturing overhead allocated 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) Activity rate per MH Foundational 4-4 (Algo) 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup Foundational 4-5 (Algo) 5. What is the activity rate for the Product Design activity cost pool? Activity rate per product 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 Step by Step Solution
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