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Required information Foundational (Algo) [LO4-1, LO4-2, LO4-3, LO4-4) Greenwood Company manufactures two products-15,000 units of Product Y and 7,000 units of Product Z. The
Required information Foundational (Algo) [LO4-1, LO4-2, LO4-3, 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: Activity Cont. Pool Machining Machine setups Production design General factory Activity Measure Machining Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 231,000 $ 180,000 Product Y Product z Expected Activity 11,000 ME 300 setups $ 94,000 $260,000 2 products 10,000 DLH Number of setups Number of products Direct labor-hours 9,000 60 1 9,000 2,000 240 1 1,000 Foundational 4-9 (Algo) 9. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y? (Round your intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Total manufacturing overhead cost Activity Measure Machining Product Y Product Z Number of setups Number of products Direct labor-hours 9,000 60 2,000 240 1 1 9,000 1,000 Foundational 4-10 (Algo) 10. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product 27 (Round your intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Total manufacturing overhead cost Machine setups Production design General factory Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y Product 2 Number of setups 9,000 60 2,000 240 cest Number of products Direct labor-hours 1 9,000 1 1,000 $ 180,000 $ 94,000 $260,000 300 setups 2 products 10,000 DLES 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.) Product Y Product Z Total overhead cost General factory Direct labor-hours Activity Measure Machining Product Y Product z es Number of setups Number of products. Direct labor-hours 9,000 60 2,000 240 1 1 9,000 1,000 260,000 10,000 DLES Foundational 4-12 (Algo) 12. Using the ABC system, what percentage of the Machining costs 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 Machining cost General factory Activity Measure Machining Direct labor-hours Product Y Product z es Number of setups Number of products 9,000 60 2,000 1 240 1 Direct labor-hours 9,000 1,000 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.) Product Y Product Z Machine setups cost Activity Measure Machining Product Y Product z 2,000 Number of setups Number of products Direct labor-hours 9,000 60 240 1 9,000 1 1,000 Foundational 4-14 (Algo) 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.) Product Y Product Z Product design cost Activity Measure Machining Product Y Product 2 Number of setups 9,000 60 2,000 240 Number of products 1 tes Direct labor-hours 9,000 1 1,000 Foundational 4-15 (Algo) 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 Y Product Z General factory cost
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