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 i General factory Activity Measure Machining Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Expected Activity 11,000 MH Estimated Overhead Cost $ 227,700 $ 153,900) $91,000 $ 257,000 2 products 10,000 DLH Product Y Product z 8,700 2,300 60 210 Number of setups Number of products Direct labor-hours 1 8,700 1 1,300 270 setups Foundational 4-2 (Algo) 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.) Manufacturing overhead allocated Product Y Product Z 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 Number of products Direct labor-hours Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost Product Y Product Z 8,700 60 2,300 210 1 1 8,700 1,300 $227,700 $ 153,900 $91,000 $ 257,000 Expected Activity 11,000 MH 270 setups 2 products 10,000 DLH Foundational 4-4 (Algo) 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup 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 Number of products Direct labor-hours Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $227,700 $ 153,900 Product Y Product 2 8,700 60 2,300 210 1 1 8,700 1,300 Expected Activity 11,000 MH 270 setups $ 91,000 $ 257,000 2 products 10,000 DLH Foundational 4-5 (Algo) 5. What is the activity rate for the Product Design activity cost pool? Activity rate per product 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 Number of products Direct labor-hours Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 227,700 $ 153,900 $91,000 Product Y Product z 8,700 60 1 8,700 2,300 210 1 1,300 Expected Activity 11,000 MH 270 setups $ 257,000 2 products 10,000 DLHS Foundational 4-11 (Algo) 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.) Answer is complete but not entirely correct. Product Y Product Z Total overhead cost 234.90 % 56.46 % 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 setupa 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-hours Estimated Overhead Cost $227,700 $ 153,900 $91,000 $ 257,000 Product Y Product z 8,700 60 1 8,700 2,300 210 1 1,300 Expected Activity 11,000 MHs 270 setups 2 products 10,000 DLH Foundational 4-12 (Algo) 12. Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z? (Round your intermediate calculations to 2 decimal places. Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Product Y Product Z Machining cost 234.90 % 56.46 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. Number of products Direct labor-hours Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Expected Activity 11,000 MH 270 setups Estimated Overhead Cost $ 227,700 $ 153,900 $91,000 $ 257,000 2 products 10,000 DLH Product Y Product z 8,700 60. 1 8,700 2,300 210 1 1,300 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.) Answer is complete but not entirely correct. Machine setups cost Product Y 60.00% Product Z 40.00 % CIO 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 Number of products Direct labor-hours Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost Product Y Product 8,700 60 1 8,700 2,300 210 1 1,300 Expected Activity 11,000 MHs 270 setups $ 227,700 $ 153,900 $91,000. $257,000 2 products 10,000 DLH Foundational 4-14 (Algo) 14. Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product 2? (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Product Y Product Z Product design cost 40.00 % 60.00%