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Foundational (Algo) [LO4-1, LO4-2, LO4-3, LO4-4] Greenwood Company manufactures two products-15,000 units of Product Y and 7,000 units of Product Z. The company uses
Foundational (Algo) [LO4-1, LO4-2, LO4-3, LO4-4] 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 Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y 7,100. 60 Estimated Overhead Cost $ 210,100 Expected Activity 11,000 Mis $ 45,100 110 setups $ 75,000 2 products $ 241,000 10,000 DL Product 2 3,900 50 Number of products Direct labor-hours 1 1 7,100 2,900 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 dollar amount.) Answer is complete but not entirely correct. Total manufacturing overhead cost $ 368,810
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