Required information Foundational (LO4-1, LO4-2, LO4-3, L04-4) 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 Expected Activity Cost Pool Activity Measure Cost Activity Machining Machine-hours $ 209,000 10,000 MHS Machine setups Number of setups $ 171,100 290 setups Production design Number of products $93,000 2 products General factory Direct labor-hours $ 259,000 10,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product v 3,900 50 1 1,900 Product 1,100 240 1 1.100 Foundational 4-1 Required: What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead role DOCH Foundational 4-2 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount) Product Y Product Z Manufacturing overhead allocated Foundational 4-3 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 de Activity rate per MH Foundational 4-4 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup Foundational 4-5 5. What is the activity rate for the Product Design activity cost pool? Activity rate per product Foundational 4-6 6. What is the activity rate for the General Factory activity cost pool? (Round your answer to 2 decimal places.) Activity rato per DLH Foundational 4.9 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 collor amount.) Total manufacturing overhead cost Foundational 4-10 10. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z? (Round your calculations to 2 decimal places. Round your answers to the nearest collar amount.) Total manufacturing overhead cost Foundational 4-11 11. Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product and Product Z your intermediate calculations to 2 decimal places. Round your answers to 2 decimal places.) 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? (Round your interm calculations to 2 decimal places. Round your answers to 2 decimal places.) Product Product 2 Machining cost Foundational 4-13 13. Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? (Round you intermediate calculations to 2 decimal places. Round your answers to 2 decimal places.) Product Y Product z Machine setups cost Foundational 4-14 14. Using the ABC system, what percentage of the Product Design cost is assigned to Procluct Y and Product Z? (Rou to 2 decimal places.) Product Y Product z 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? (Round you intermediate calculations and final answers to 2 decimal places.) Product z Product Y 90 General factory cost
