Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

HELP!! Overhead cost percentage! Greenwood Company Manufactures two products-13,000 units of Product Y and 5,000 units of Products Z 9 Part 9 of 13 0.96

HELP!! Overhead cost percentage! Greenwood Company Manufactures two products-13,000 units of Product Y and 5,000 units of Products Z
image text in transcribed
image text in transcribed
image text in transcribed
9 Part 9 of 13 0.96 points Required information Foundational (Algo) [LO4-1, L04-2, L04-3, L04-4) 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: Estimated Activity Cont Pool Activity Men Overhead Coutixpected nativity Machining Machine-hours $ 249.600 12,000 Machine setups Number of setups $ 162,400 280 setups Production design Number of products 5 92.000 2 product General factory Direct labor-hours $ 309,600 12,000 t Activity Measure Product Y Product Machining 2,800 Number of setup 40 240 Number of products Direct labor-hours 8.800 3,200 8 0145.00 eBook 1 1 Print References 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.) Product 58.00 Product 41.101 Total overhead cost 10 Part 10 of 1 Required information Foundational (Algo) (L04-1, L04-2, L04-3, L04-4) 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 0.96 points 01:44:40 Activity Cost Pool Machining Machine stupe Production design General factory Estimated Activity Mensure Overhead Cost Expected Activity Machine-hours $ 249,600 12,000 M umber of setups $ 162,400 280 stupe Number of products 92,000 2 producte Direct labor-hours $309.600 12,000 L Book Activity Manure Machining Number of setup Number of products Direct laborehours Product Product 8.800 3,200 40 240 I 1 1.800 3.200 Print References 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.) Product z Product Y 18 Machining cost 11 ! Part 11 of 13 0.96 points 801443 Required information Foundational (Algo) (L04-1, LO4-2, L04-3, L04-4) Greenwood Company manufactures two products-13,000 units of Product Yond 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: Hatimated Activity Control Activity Mensure Overhead contped Activity Machining Machine-hours $ 249,600 12,000 M Machine stupe Number of setup 162.400 280 stupe Production design Number of products $ 92,000 2 products General factory Direct labor-hours $ 309,600 12,000 DLA Ativity Here Product Product Machining 0.000 3,200 wamber of setups 40 240 Number of products Direct labor-hours 8.800 3,200 Book 1 1 References Foundational 4-13 (Algo) 13. Using the ABC system. what percentage of Machine Setups cost is assigned to product and Product Z? (Round your intermediate calculations to 2 decimal places. Round your answers to 2 decimal places) Product Product Machine setups cost 12

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Foundations and Evolutions

Authors: Michael R. Kinney, Cecily A. Raiborn

8th Edition

9781439044612, 1439044619, 978-1111626822

More Books

Students also viewed these Accounting questions