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Required information Foundational (Algo) [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
Required information Foundational (Algo) [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: Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 203,000 Product Y Product Z Expected Activity 10,000 MHs 230 setups $ 121,900 $ 87,000 $ 379,500 2 products 15,000 DLHS Machining Number of setups 8,300 50 Number of products 1 Direct labor-hours 9,500 1,700 180 1 5,500 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 % %
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