Required information Foundational (Algo) (L04-1, LO4-2, LO4-3, L04-4) Greenwood Company manufactures two products14,000 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: Activity Cost Pool Machining Machine setups Production design General factory Estimated Activity Measure Overhead Cost Machine-hours $ 203,000 Number of setups $ 12,900 Number of products $ $1,000 Direct labor-hours $ 379,500 Expected Activity 10,000 MHs 230 setups 2 products 15,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y Product z 8,300 1,700 50 180 1 1 9,500 5,500 Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Answer is complete and correct. Plantwide overhead rate $ 52.76 per DLH 8 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 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 6. What is the activity rate for the General Factory activity cost pool? (Round your answer to 2 Activity rate per DLH 7. Which of the four activities is a batch-level activity? O Machining activity General factory activity O Product design activity Machine setups activity 8. Which of the four activities is a product-level activity? Machine setups activity General factory activity Machining activity O Product design activity 9. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y? (Round you calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Total manufacturing overhead cost 10. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z? (Round y calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Total manufacturing overhead cost 11. Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product 2? (Roun your intermediate calculations to 2 decimal places. Round your answers to 2 decimal places.) Product Y Product % Total overhead cost 12. Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z? (Round your in calculations to 2 decimal places. Round your answers to 2 decimal places.) Product Y Product Z Machining cost % 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.) Product Y Product Z 78.26% Machine setups cost % 14. Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z? (Round your answers to 2 decimal places.) Answer is complete and correct. Product Y 50.00 % Product Z 50.00 Product design cost 15. Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? (Round your intermediate calculations and final answers to 2 decimal places.) Product z Product Y % General factory cost %
