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Greenwood Company manufactures two products14,000 units of Product Y and 6,000 units of Product Z. The company uses a plantwide overhead rate based on direct

Greenwood Company manufactures two products14,000 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 Activity Measure Estimated Overhead Cost Expected Activity

Machining Machine-hours $ 203,000 10,000 MHs

Machine setups Number of setups $ 121,900 230 setups

Production design Number of products $ 87,000 2 products

General factory Direct labor-hours $ 379,500 15,000 DLHs

Activity Measure Product Y Product Z

Machining 7,300 2,700

Number of setups 50 180

Number of products 1 1

Direct labor-hours 9,500 5,500

1.

)What is the companys plantwide overhead rate? (Round your answer to 2 decimal places.)

Per DLH

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 and final answers to the nearest dollar amount.)

Manfacturing Product Y? Product Z?

3.) What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) Per MH?

4.) What is the activity rate for the Machine Setups activity cost pool? (Round your answer to 2 decimal places.) Per setup?

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