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Foundational (LO4-1, L04-2, L04-3, 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
Foundational (LO4-1, L04-2, L04-3, 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 (AB 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 Cont. Pool Activity Measure Cost Activity Machining Machine-bours $ 195,000 10,000 Machine setups Number of setup $ 67,500 150 setups Production des Number of products $ 79,000 2 products General factory Direct labor-hours $ 245,000 10.000 DHS Product Activity Beasure Machining Number of setups umber of products Direct laber-hours sa 1 7,500 Product 2,500 100 1 2,500 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 Total Overhead Cod
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