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need help on these questions. thank you Pep Required information Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 units of Product Z.
need help on these questions. thank you
Pep 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 Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 238,800 $ 93, 100 $ 83,000 $ 373,500 Expected Activity 12,000 MHS 190 setup 2 products 15,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 7,900 40 1 7.900 Product 2 4,100 150 1 7,100 Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product 2? (Round your Intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Product Y Product Z Manufacturing overhead allocated 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) Activity rate per MH 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup 5. What is the activity rate for the Product Design activity cost pool? Activity rate per product Step by Step Solution
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