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I am stuck here. Please help. Required information Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 units of Product Z. The company
I am stuck here. Please help.
Required information 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: 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 Manufacturing overhead allocated Product Y 8,800 40 1 8,800 Estimated Overhead Cost $ 249,600 $ 162,400 $92,000 $ 309,600 Product Z 3,200 240 1 3,200 Product Y Expected Activity 12,000 MHS Product Z 280 setups 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.) 2 products 12,000 DLHSStep by Step Solution
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