Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need a help with all of them please. Thank you. Foundational (LO4-1, LO4-2, LO4-3, L04-4) Greenwood Company manufactures two products-14.000 units of Product Y
I need a help with all of them please. Thank you.
Foundational (LO4-1, LO4-2, LO4-3, L04-4) 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 12,000 DLHS 300,000 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 Estimated Overhead Cost 200,000 Expected Activity 10,000 MHS to to Activity Cost Activity Pool Measure Machining Machine-hours Machine setups Number of setups Production Number of design products Direct labor- General factory 9 hours 100,000 200 setups to 84,000 2 products 300,000 12,000 DLHS Product y 8,000 Activity Measure Machining Number of setups Number of products Direct labor-hours Product Z 2,000 160 40 9,000 3,000 Foundational 4-1 Required: 1. What is the company's plantwide overhead rate? Plantwide overhead rate per DLH Foundational 4-2 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z? Product Y Product Z Manufacturing overhead allocated Pr vuuus Direct labor-hours 9,000 3,000 Foundational 4-3 3. What is the activity rate for the Machining activity cost pool? Activity rate per MH per MH Foundational 4-4 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup Number of products Direct labor-hours 9,000 3,000 Foundational 4-5 5. What is the activity rate for the Product Design activity cost pool? Activity rate per product Foundational 4-6 6. What is the activity rate for the General Factory activity cost pool? Activity rate per DLH Foundational 4-7 es 7. Which of the four activities is a batch-level activity? O Product design activity O General factory activity O Machining activity O Machine setups activityStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started