Required information Greenwood Company manufactures two products 13,000 units of Product Y and 5,000 units of Product Z The company uses a plantwide overhead rate based on direct lobor 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-hour's $ 220,000 12,00 MHS Machine setups Number of setups $ 40,000 100 setups Production design Number of products $ 74,000 2 products General factory Direct labor-hours $ 200,000 12,000 DHS Activity Measure Machining Number of setups Number of products Direct labor hours Product Y 7,000 40 1 7,000 Product 5,000 60 1 5,000 Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead tate per DLH Required information Greenwood Company manufactures two products-13.000 units of Product Y and 5,000 units of Product Z The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing on 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 $ 228,000 12,000 MIS Machine setups Number of setups $ 40,000 109 setups Production design Number of products $ 74,000 2 products General factory Direct labor hours $ 288,000 12,000 UN Product 5,000 Activity Measure Machining Number of setups Number of products Direct labor-hour's Product Y 7,000 40 1 7,000 5.000 2. Using the plontwide overhead rote, 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 Manufacturing overhead allocated Required information Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 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 $ 228,000 $ 40,000 $ 74,000 $ 288,000 Expected Activity 12,000 MHs 100 setups 2 products 12,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product 7,000 40 1 7,000 Product z 5,000 60 1 5,000 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) Activity rate per MH Required information Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 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 Machinine Machine setups Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost 5 228,000 540,000 $ 74,000 S 288,000 Expected Activity 12,000 NHS 100 setups 2 products 12,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product 7,000 40 1 7,000 Product z 5,000 60 1 5,000 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup Required information Greenwood Company manufactures two products--13,000 units of Product Yand 5,000 units of Product Z. The company uses a plontwide 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 $ 228,000 12,000 MH Machine setups Number of setups $ 40,000 100 setups Production design Number of products $ 74,000 2 products General factory Direct labor-hours $ 288,000 12,000 LMS Activity Measure Machining Number of setups Number of products Direct labor hours Product Y 7,690 40 1 7,000 Product 2 5,000 60 1 5,000 5. What is the activity rate for the Product Design activity cost pool? Activity rate per product Required information Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 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 Machinine Machine hours $ 228,000 12,000 M Machine setups Number of setups $ 40,000 180 setups Production design Number of products $ 74,900 2 products General factory Direct labor hours $ 288,888 12,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 7,000 48 Product z 5,880 68 7,000 5.ee 6. What is the activity rate for the General Factory activity cost pool? (Round your answer to 2 decimal places.) Activity rate per DLH Required Information Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 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 $ 228,000 $ 40,000 $ 74, eee $288,888 Expected Activity 12,880 MHS 100 setups 2 products 12,eee DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 7,eee 40 1 7,000 Product Z 5.ee 60 5, een 7. Which of the four activities is a batch-level activity? Machining activity O General factory activity O Product design activity O Machine setups activity Required Information Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 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 $ 228,000 $ 40,000 $ 74,000 $ 288,000 Expected Activity 12, MHS 100 setups 2 products 12,8ee DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product 7, 40 1 7,600 Product z 5,000 be 1 5,000 8. Which of the four activities is a product-level activity? O Machine setups activity O Product design activity General factory activity O Machining activity Required Information Greenwood Company manufactures two products-13.000 units of Product Y and 5,000 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 $ 228,000 $ 40,00 $ 74,00 $ 288,00 Expected Activity 12,00 MHS 100 setups 2 products 12,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 7,000 40 1 2,000 Product 2 5,080 68 1 5,000 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 Required Information Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based cosung (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 $ 228,000 $ 40,000 $ 74,000 $ 280,000 Expected Activity 12,000 MHS 100 setups 2 products 12,000 LHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 7,000 40 1 7,000 Product 2 5,000 60 1 5.000 10. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z? (Round your intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Total manufacturing overhead cost Required Information Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 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 $ 228,000 $ 40,000 $ 74,000 $ 288,000 Expected Activity 12,880 MHs 100 setups 2 products 12,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor.hours Product Y 7.000 40 1 7,000 Product z 5,000 60 1 5,000 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 Total overhead cost Product 2 94 Required Information Greenwood Company manufactures two products--13,000 units of Product Y and 5,000 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 5228,000 $ 40,00 574,000 $ 250,000 Expected Activity 12,00 MS 100 setups 2products 12,000 DLHS Product Y 7,000 Activity Measure Machining Number of setups Number of product Direct labor. hours Product 2 5. 60 1 5,00 1 7.000 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 Productz Machining cost Required Information Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 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 $ 228,000 $ 40, $ 74, eee $ 288,00 Expected Activity 12,000 MHS 100 setups 2 products 12,000 DNS Activity Measure Machining Number of setups Number of products Direct labor hours Product Y 7,000 40 1 Product Z Sie 60 5,000 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.) Produoty Product Machine setups cost Required Information Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 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 $ 228,000 540,000 $ 74,989 $ 288,000 Expected Activity 12, eee MHS 100 setups 2 products 12,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor.hours Product Y 7,000 40 1 7,000 Product 2 5,000 60 1 5,000 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 Required Information Greenwood Company manufactures two products--13,000 units of Product Y and 5,000 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 Estinated Overhead Cost $ 220,000 $ 48,00 $ 74,000 $ 288,000 Expected Activity 12,eee mais 100 setups 2 products 12,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product 7.000 40 2 7,000 Product 2 5,000 80 2 5,000 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 2 General factory cost