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 Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 224,400 $ 129,600 $ 88,000 $ 254,000 Expected Activity 11,000 MHS 240 setups 2 products 10,000 DLHs Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y Product Z 8,400 2.600 60 180 1 1 8,400 1,600 Foundational 4-1 (Algo) Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Plantwide overhead rate per DLH 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 Cont Pool Machining Machine setups Production design General factory Estimated Activity Measure Overhead Cost Machine-hours $ 224,400 Number of setups $ 129,600 Number of products $ 88,000 Direct labor-hours $ 254,000 Expected Activity 11,000 MHS 240 setups 2 products 10,000 DEN Activity Measure Machining Number of setups Nunber of products Direct labor-hours Product Product 8.400 2.600 60 180 1 1 8,400 1,600 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.) Product Y Product Z Manufacturing overhead allocated Foundational (Algo) (L04-1, L04-2, LO4-3, L04-4) 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 Estimated Activity Measure Overhead cont Expected Activity Machine-hours $ 224,400 11,000 MHS Number of setups $ 129,600 240 setype Number of products $ 80,000 2 products Direct labor-hours $ 254,000 10,000 DLES Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y Product 8,400 2,600 60 180 1 1 8,400 1.600 Foundational 4-3 (Algo) 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) Activity rate por MH Foundational (Algo) (L04-1, LO4-2, L04-3, L04-4) 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 Machine-hours Number of setups Number of products Direet labor-hours Estimated Overhond cont Expected Activity $ 224,400 11,000 MHS $ 129,600 240 setups $ 88,000 2 products $ 254,000 10,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y Product ? 8,400 2,600 60 180 1 1 8.400 1.600 Foundational 4-4 (Algo) 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup Foundational (Algo) (L04-1, L04-2, L04-3, L04-4) 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: Estimated Activity Cont Pool Activity Measure Overhead Cost Expected Activity Machining Machine-hours $ 224,400 11,000 MRS Machine setup Number of setups $ 129,600 240 setups Production design Number of products $ 88,000 2 products General factory Direct labor-hours $ 254,000 10,000 DIES Activity Measure Machining Number of setups Number of products Direct labor-hours Product Product 8,400 2,600 60 180 1 1 8,400 1,600 Foundational 4-5 (Algo) 5. What is the activity rate for the Product Design activity cost pool? Activity rate per product
