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Please give me the correct answers! Required information Foundational [LO4-1, LO4-2, LO4-3, LO4-4] Greenwood Company manufactures two products-14,000 units of Product Y and 6,000 units
Please give me the correct answers!
Required information 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 84, 000 $ 300, 000 Expected Activity 10,000 MHs 200 setups 2 products 12,000 DLH Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Activity Cost Pool Machining Machine setups Product ion design General factory Activity Measure Machining Number of setups Number of products Direct labor-hours Product V 8,000 40 Product Z 2,000 160 9, 000 3,000 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 Y Product Z Machine setups cost % % Foundational4-14 14. Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z? Product Z Product Y 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
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