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Foundational (L04-1, LO4-2, LO4-3, LO4-4) Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 units of Product Z. The company uses a plantwide
Foundational (L04-1, LO4-2, LO4-3, LO4-4) 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: Activity Cont Pool Machining Machine setups Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 231,600 $ 55,900 $ 77,000 $ 364,500 Expected Activity 12,000 MH 130 setups 2 products 15,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 7.300 40 1 7,300 Product 2 4,700 90 1 7.700 Foundational 4-2 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z? (Round your intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Product Y Product Z Manufacturing overhead allocated Required Information Foundational (L04-1, L04-2, L04-3, L04-4) Greenwood Company manufactures two products--13,000 units of Product Y and 5,000 units of Product Z. The compang 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 Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 231, 600 $ 55,900 $ 77,000 $364,500 Expected Activity 12,000 MHs 130 setups 2 products 15,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 7,300 40 1 7,300 Product 2 4,700 90 1 7,700 Foundational 4-3 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) Activity rate per MH Required information Foundational (LO4-1, LO4-2, L04-3, L04-4) 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 heti control Activity Measure Cost Activity Machining Machine-hour $ 231,600 12,000 MH imeetup Number of setup $ 55,900 130 stupa Production design Number of products $ 77,000 2 products General factory Direct labor-hours $364.500 15,000 DER Activity Machining We of setupe Number of products Direct Labor-hours Product Y 7.300 40 1 7.300 Products 4,700 90 1 7.700 Foundational 4-4 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup 1 Required information Foundational (L04-1, LO4-2, L04-3, L04-4) 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: Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machine-hours Number of setup Number of products Direct labor-hours Estimated Overhead Cost $ 231,600 $ 55.900 $ 27.000 $364,500 Expected Activity 12,000 MB 130 setups 2 products 15,000 DEH Activity Meanu Machining Number of setup Number of products Direct labor-hours Products 7.300 40 1 7.300 Products 4,700 90 1 7.700 Foundational 4-5 5. What is the activity rate for the Product Design activity cost pool? Activity rate per product Required information Foundational (LO4-1, L04-2, L04-3, L04-4) 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: Activity Control Machining Machine setup Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cont $ 231,600 $ 55,900 $ 77,000 $364,500 Expected Activity 12,000 MH 130 setups 2 products 15,000 DLR. Activity Messure Machining Number of setups uber of products Direct labor-hours Product 7,300 40 1 7.300 Product z 4,700 90 1 7,700 Foundational 4-6 6. What is the activity rate for the General Factory activity cost pool? (Round your answer to 2 decimal places.) Activity rate per DUH requirea information Foundational (L04-1, L04-2, LO4-3, L04-4) 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: Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 231,600 $ 55,900 $ 77.000 $ 364,500 Expected Activity 12,000 MH 130 setups 2 products 15,000 LHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 7.300 40 1 7.300 Product 2 4.700 90 1 7.700 Foundational 4-7 7. Which of the four activities is a batch-level activity? Machining activity General factory activity Product design activity O Machine setups activity Required information Foundational (LO4-1, L04-2, L04-3, L04-4) 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: Expected Activity. Coat Pool Machining Machine stupe Production design General factory Activity Measure Machine-hour Number of setups Number of products Direct labor-hours Estimated Overhead Cont $ 231,600 $ 55.900 $ 77,000 364,500 Activity 12,000 MH 130 setup 2 products 15,000 DIN Ativity Measure Machining Number of setup Number of products Direct labor-hours Product Y 7.300 40 1 7.300 Products 4,700 90 1 7,700 Foundational 4-9 9. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y? (Round your intermedia calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Total manufacturing overhead cool Required information Foundational (LO4-1, LO4-2, L04-3, L04-4) 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 Cost Pool Retivity Measure Cost Activity Machining Machine-hours $ 231,600 12,000 MB Machine setups Number of setups $ 55.900 130 stupa Production design Number of products $77,000 2 products General factory Direct labor-hours $364,500 15,000 DLR Activity Measure Machining Number of setup Number of products Direct Labor-hours Product 7.300 40 1 7.300 Product 4,700 90 1 7.700 Foundational 4-10 . 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.) Total manufacturing overhead cost Foundational (LO4-1, L04-2, L04-3, L04-4) 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 Metivity Control Activity Measure Cont Activity Machining Machine-hours $ 211,600 12,000 MH Machines of setup $ 55.900 130 setups Production design Number of products $ 77,000 2 produeta General factory Direct laber-hours 364,500 15,000 DIN Retire Machining Number of stupe Number of products Direct labore Product Y 7.300 40 1 7,300 Products 4,700 90 1 7.700 Foundational 4-11 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 Product Z Total overhead cost Mad Required information Foundational (LO4-1, L04-2, L04-3, L04-4) 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: Hatimated Overhead Expected Activity Control Activity Messure Cout Activity Machining Machine-hours $ 231,600 12,000 MH Machine setup Number of setup $ 55.900 130 setups Production design Number of products $77,000 2 products General factory Direet labor-hours $364,500 15,000 DLES Activity Menu Machining Number of setup Number of products Direct labor-hours Product Y 7.300 40 1 7,300 Product 4,700 90 1 7.700 Foundational 4-12 12. Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z? (Round your intermed calculations to 2 decimal places. Round your answers to 2 decimal places.) Product Y Product Z Machining cost Helt Required information Foundational (LO4-1, L04-2, L04-3, LO4-4) 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: Rotwicy Control Machining Machine setup Production design General factory Activity Messere Machine-hours Sumber of setups Number of products Direct Labor hours Estimated Overhead Cont $ 231,600 $ 55,900 $ 77,000 $364,500 Expected Activity 12,000 130 setups 2 produeta 15,000 DLH Activity Measure Machining Number of setup Number of products Direct labor-hours Product Y 7.300 40 1 7.300 Product 4,700 90 1 7.700 Foundational 4-13 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 Foundational (LO4-1, L04-2, L04-3, L04-4) Greenwood Company manufactures two products--13,000 units of Product Y and 5,000 units of Product Z. The compan 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: Letiwity Control Machining Machine Production design General factor Retivity Man Machine-hours Number of setup Number of products Direct labor-hours Estimated Overhead Cont 231,600 # 55.900 $ 77,000 $364,500 Expected Activity 12,000 MH 130 setups 2 products 15,000 tits het.ivity Machining Number of sete Number of producte Direct laber-hours Produet 7.300 40 1 7.300 Product 4,700 90 1 7.700 Foundational 4-14 14. Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z? (Round your to 2 decimal places.) Product Product Product design cost Required information Foundational (LO4-1, LO4-2, LO4-3, L04-4) 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: Activity Control Machining Machines Production design General factory Activity Measure Machine-hours Number of setup Number of products Direct laber-hours Estimated Overhead Cont $ 231,600 $ 55,900 $ 77,000 $364,500 Expected Activity 12,000 MH 130 wetups 2 products 15,000 DEH Activity Machining Number of watupe Number of products Direct labore Product 7,300 40 1 7.300 Products 4,700 90 1 7.700 Foundational 4-15 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 Y Product Z General factory cost
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