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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
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 Machining Number of setups. Number of products Direct labor-hours Activity Measure Machine-hours Number of setups Number of products Direct labor-hour's Estimated Overhead Cost $ 238,800 $ 93,100 Product Y Product Z 7,900 40 4,100 1 150 1 7,900 7,100 Expected Activity 12,000 MHS 190 setups $ 83,000 2 products $ 373,500 15,000 DLHS Foundational 4-13 (Algo) 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.) Machine setups cost Product Y Product Z
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