Required information Foundational (Static) [LO4-1, LO4-2, L04-3, 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 2 Estimated Activity Cost Pool Activity Measure Overhead Cost Expected Activity Machining Machine-hours $ 200,000 10,000 Machine setups Number of setups $100,000 200 setups Production design Number of products $ 64,000 2 products General factory Direct Labor-hours $300,000 12.000 DHS Activity Measure Product Product Machining 3.000 2,000 Number of setups 40 160 Number of products 1 Direct labor-hours 3,000 Foundational 4-1 (Static) Required: 1 What is the company's plantwide overhead rate? Plantwide overhead rate per DLH Required information Foundational (Static) [LO4-1, LO4-2, L04-3, 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 Estimated Activity Cost Pool Activity Sure Overhead Cost Expected Activity Machining Machine-hour's $ 200,000 10,000 Machine setups Number of setups $100,000 200 setups Production design Number of products $ 84,000 2 products General factory Direct labor-hours $300,000 12,000 DLHS Activity Mease Machining Number of setups Number of products Direct labor-hours Product 5,00 se Product 2,000 160 1 3,000 9.000 Foundational 4-2 (Static) 2 Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z? Product Y Product Manufacturing overhead allocated Required information Foundational (Static) (L04-1, L04-2, L04-3, 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 Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 200,000 $ 100.000 $ 34,000 $300,000 Expected Activity 10.000 200 setups 2 products 12,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product 3.000 40 1 9.00 Product z 2,00 160 1 3,000 Foundational 4-3 (Static) 3. What is the activity rate for the Machining activity cost pool? Activity rate per MH Required information Foundational (Static) (L04-1, LO4-2, L04-3, 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 Activity Cost Pool Activity Measure Overhead Cost Expected Activity Machining Machine-hours $ 200,000 10,000 Machine setups Number of setups $ 100,000 200 setups Production design Number of products $ 34,000 2 products General factory Direct labor-hours $ 300,000 12.000 DLH Activity Measure Machining Number of setups Number of products Direct labor-hours Product 8,000 40 1 9.000 Product 2.000 160 1 3,000 Foundational 4-4 (Static) 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup Required information Foundational (Static) (L04-1, L04-2, L04-3, 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 Estimated Activity Control Activity Measure Overhead Cost Expected Activity Machining Machine-hours $ 200,000 10,000 Machine setups Number of setup $ 100,000 200 setups Production des Number of products $ 34,000 2 products General factory Direct labor hours $300.000 12,000 TS Activity Machining Number of setups Number of products Direct labor-hours Product V 1.000 40 Product 2.000 160 1 9,000 Foundational 4-5 (Static) 5. What is the activity rate for the Product Design activity cost pool? Activity rate per product
