Required information Foundational (Algo) (L04-1, L04-2, L04-3, L04-4) Greenwood Company manufactures two products--15,000 units of Product Y and 7000 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 Activity Cost Pool Activity Measure Overhead Cost Expected Activity Machining Machine-hours $ 221,100 11,800 MHS Machine setups Number of setups $ 107, 100 210 setups Production design Number of products $ 85,000 2 products General factory Direct labor-hours $ 251,000 10,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y Product z 8,100 2,900 50 1 1 8,100 1,900 160 Foundational 4-11 (Algo) 11. Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product Z? (Round your intermediate calculations to 2 decimal places. Round your answers to 2 decimal places.) Zum Pucus Tequr. roduct z Foundational (Algo) [LO4-1, L04-2, L04-3, L04-4) Greenwood Company manufactures two products-15,000 units of Product Y and 7,000 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 Activity Measure Overhead Cost Expected Activity Machine-hours $ 221,100 11,000 MHS Number of setups $ 107,100 210 setups Number of products $ 85,000 2 products Direct labor-hours $ 251,000 10,000 DLHS Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y Product z 8,100 2,900 50 160 1 1 8,100 1,900 Foundational 4-12 (Algo) 12. Using the ABC system, what percentage of the Machining costs is assigned to product Y and Product ZZ (Round your intermediate calculations to 2 decimal places. Round your answers to 2 decimal places.) Product Product z Machining cost Required information Foundational (Algo) [LO4-1, LO4-2, L04-3, LO4-4) Greenwood Company manufactures two products-15,000 units of Product Y and 7,000 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 Activity Cost Pool Activity Measure Overhead Cost Expected Activity Machining Machine-hours $ 221,100 11,000 MHS Machine setups Number of setups $ 107,100 210 setups Production design Number of products $ 85,000 2 products General factory Direct labor-hours $ 251,600 10,000 DLHS Activity Measure Product Y Product 2 Machining 8,100 2,900 Number of setups 160 Number of products 1 Direct labor-hours 8,109 1,900 50 1 Foundational 4-13 (Algo) 13. Using the ABC system, what percentage of Machine Setups cost is assigned to product Y and Product Z? (Round your intermediate calculations to 2 decimal places. Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Product Y Product z
