Answered step by step
Verified Expert Solution
Question
1 Approved Answer
need help, ACC 211 Thank you Greenwood Company manufactures two products13,000 units of Product Y and 5,000 units of Product Z. The company uses a
need help, ACC 211 Thank you
Greenwood Company manufactures two products13,000 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 whole and for Products Y and Z: Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 231, 600 $ 55,900 $ 77,000 364, 500 Expected Activity 12,000 MHz 130 setup 3 2 products 15,000 DLHS Product Y 7,300 Product Z 4,700 Activity Measure Machining Nuroer of setups Number of products Direct laber nours 1 7,300 1 7,700 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.) Product Y Product Z Manufacturing overhead allocated Greenwood Company manufactures two products13,000 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 Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 231, 600 $ 55, 900 $ 77,000 364,500 Expected Activity 12,000 MH3 130 setups 2 products 15, 000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 7,300 40 1 Product Z 4,700 90 1 7, 300 7,700 equired: - What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per DLHStep 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