Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information Greenwood Company manufactures two products -15,000 units of Product Y and 7000 units of Product uses a plantwide overhead rate based on direct

image text in transcribed

image text in transcribed

image text in transcribed

Required information Greenwood Company manufactures two products -15,000 units of Product Y and 7000 units of Product uses a plantwide overhead rate based on direct labor-hours. It is considering implementin UASRC I system that allocates all of its manufacturing overhead to four cost pools. The followirig g an activity-based costing information is available for the company as a whole and for Products Y and Z Estimated Overhead Act tivity Cost Pool Activity MeasureCost Expected ActivitY Machining Machine setups Production design General factory Machine-hours Number of setups Number of products Direct labor-hours s 221,100 S 107,100 $ 85,000 $251,000 11,000 MHs 210 setups 2 products 10 Activity Measure Machining Number of setups Number of products Direct labor-hours 8,100 50 1 8,100 160 1,900 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 Required information Greenwood Company manufactures two products-15,000 units of Product Y and 7000 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 addltional information is available for the company as a whole and for Products Y and z ional information is Estimated Overhead Cost s 221,100 Expected Activity Activity Cost Po Machining Machine setups Production design General factory Activity Measure Machine-hours Number of setups Number of products 85,000 Direct labor-hours251,000 10,000 DLHs 11,000 MHs 107,100 210 setups 2 products Activity Measure Machining Number of setups Number of products Direct labor-hours 8,100 8,100 - -1,900 11. Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product 22 (Round your intermediate calculations to 2 decimal places. Round your answers to 2 decimal places.) Product YP Total overhead cost

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_step_2

Step: 3

blur-text-image_step3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions