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Greenwood Company manufactures two products15,000 units of Product Y and 7,000 units of Product Z. The company uses a plantwide overhead rate based on direct

Greenwood Company manufactures two products15,000 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 Activity Measure Estimated Overhead Cost Expected Activity
Machining Machine-hours $ 231,000 11,000 MHs
Machine setups Number of setups $ 180,000 300 setups
Production design Number of products $ 94,000 2 products
General factory Direct labor-hours $ 260,000 10,000 DLHs

Activity Measure Product Y Product Z
Machining 8,000 3,000
Number of setups 60 240
Number of products 1 1
Direct labor-hours 9,000 1,000

1.

value: 10.00 points

Required information

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

2.

value: 10.00 points

Required information

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.)

3.

value: 10.00 points

Required information

3.

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

4.

value: 10.00 points

Required information

4.

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

5.

value: 10.00 points

Required information

5.

What is the activity rate for the Product Design activity cost pool? (Round your answer to 2 decimal places.)

6.

value: 10.00 points

Required information

6.

What is the activity rate for the General Factory activity cost pool? (Round your answer to 2 decimal places.)

7.

value: 10.00 points

Required information

7. Which of the four activities is a batch-level activity?
Machining activity
General factory activity
Product design activity
Machine setups activity

8.

value: 10.00 points

Required information

8. Which of the four activities is a product-level activity?
Machining activity
Product design activity
General factory activity
Machine setups activity

9.

value: 10.00 points

Required information

9.

Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y? (Round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount.)

k

10.

value: 10.00 points

Required information

10.

Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z? (Round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount.)

11.

value: 10.00 points

Required information

12.

value: 10.00 points

Required information

12.

Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z? (Round your answers to 2 decimal places.)

13.

value: 10.00 points

Required information

13.

Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? (Round your answers to 2 decimal places.)

14.

value: 10.00 points

Required information

14.

Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z? (Round your answers to 2 decimal places.)

15.

value: 10.00 points

Required information

15.

Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? (Round your answers to 2 decimal places.)

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