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Hi I really need some help correcting #12,13,14,15 please Greenwood Company manufactures two products-14,000 units of Product Y and 6,000 units of Product Z. The

Hi I really need some help correcting #12,13,14,15 please
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Greenwood Company manufactures two products-14,000 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 : 1. What is the company's plantwide overhead rate? 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y ? How much is allocated to Product Z ? 3. What is the activity rate for the Machining activity cost pool? 4. What is the activity rate for the Machine Setups activity cost pool? 5. What is the activity rate for the Product Design activity cost pool? 6. What is the activity rate for the General Factory activity cost pool? 7. Which of the four activities is a batch-level activity? Why? 8. Which of the four activities is a product-level activity? Why? 9. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y ? 10. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z ? Page 176 11. Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y ? What percentage is allocated to Product Z? 12. Using the ABC system, what percentage of the Machining costs is assigned to Product Y ? What percentage is assigned to Product Z? Are these percentages similar to those obtained in question 11? Why? 13. Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y ? What percentage is assigned to Product Z? Are these percentages similar to those obtained in question II? Why? 14. Using the ABC system, what percentage of the Product Design cost is assigned to Product Y ? What percentage is assigned to Product Z? Are these percentages similar to those obtained in question 11? Why? 15. Using the ABC system, what percentage of the General Factory cost is assigned to Product Y ? What percentage is assigned to Product Z ? Are these percentages similar to those obtained in question II? Why? \begin{tabular}{|l|r|r|r|} \hline Total Manufacturing overhead & Activity & \multicolumn{2}{|c|}{ Rate } \\ \hline Machining & 200,000 & 10000 & 20 per MH \\ \hline Machine setups & 10000 & 200 & 500 per setup \\ \hline Production design & 84000 & 2 & 42000 per product \\ \hline General Factory & 300000 & 12000 & 25 per DLH \\ \hline Total Manufacturing overhead & 684000 & & \\ \hline \end{tabular} 1) Plantwide overhead rate = overhead/total direct labor hours \begin{tabular}{|c|c|c|} \hline \multirow[t]{2}{*}{57} & & \\ \hline & \multicolumn{2}{|c|}{57 per direct labor hour } \\ \hline 2) Overhead allocated & Product Y & Product Z \\ \hline Overhead cost & 57 & 57 \\ \hline Direct labor hours & 9,000 & 3,000 \\ \hline Total overhead cost allocated & 513000 & 171000 \\ \hline \end{tabular} 3) Overhead rate =20 per machine hour 4) For machining 500 per set up 5) 42000 per product 6) 25 per direct labour hours 7) Machine setup is base level activity since its incurred for batch 8) Prodcuct desgining is product level activity since incurred for specific products 9) Overhead allocated \begin{tabular}{|l|r|r|r|} \hline & Product Y & Product Z & \multicolumn{2}{|c|}{ Total } \\ \hline Machining & 160000 & 40000 & 200000 \\ \hline Machine setup & 20000 & 80000 & 100000 \\ \hline Product design & 42000 & 42000 & 84000 \\ \hline General factory & 225000 & 75000 & 300000 \\ \hline Total overhead & 447000 & 237000 & 684000 \\ \hline \end{tabular} Overhead allocated to product Y is 447000 10) Overhead allocated to product Z=237000 11) Percentage of total overhead allocated to Y using plantwide overhead Rate =513000/684000=75 Product Z=25 12) Machire cost * 160000v6s4000 =23 13) Uuctine setup - 20000Vseto00 -3 14t Frodcul desien 15) General factry total =100 There is a diflerence in percentage toom 11 aince 11 is overhead

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