Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need a help with all of them please. Thank you. Foundational (LO4-1, LO4-2, LO4-3, LO4-4) Greenwood Company manufactures two products-14,000 units of Product Y

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

I need a help with all of them please. Thank you.

Foundational (LO4-1, LO4-2, LO4-3, LO4-4) 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. Estimated Overhead Cost 200,000 100,000 Expected Activity 10,000 MHS 200 setups Activity Cost Activity Pool Measure Machining Machine-hours Number of Machine setups setups Production Number of design products Direct labor- General factory hours 84,000 2 products 300,000 12,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y Product Z 8,000 2,000 40 160 9,000 3,000 Foundational 4.9 9. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y?! Total manufacturing overhead cost Foundational 4-10 10. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z? Total manufacturing overhead cost Foundational 4-11 11. Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product Z? Product Y Product Z Total overhead cost Foundational 4-12 12. Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z? Product Y Product Z Machining cost Foundational 4-13 13. Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? Product Product Z Machine setups cost Foundational 4-14 14. Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z? Product Y Product Z Product design cost Foundational 4-15 15. Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? Product Y Product Z General factory cost

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

Auditing And Assurance Services

Authors: David Ricchiute

5th Edition

0538869526, 978-0538869522

More Books

Students also viewed these Accounting questions

Question

Make arguments for the union and for the employer.

Answered: 1 week ago