! Required information Greenwood Company manufactures two products-15,000 units of Product Y and 7,000 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 Estimated Activity Measure Overhead cost Machine-hours $ 213,400 Number of setups $ 61,600 Number of products $ 78,000 Direct labor-hours $ 244,000 Expected Activity 11,000 MHS 140 setups 2 products 10,000 DLHO Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y Product 2 7,400 3,600 60 80 1 1 7,400 2,600 Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Plantwide overhead rate per DLH nequeu HRITHIOLIUI Greenwood Company manufactures two products-15,000 units of Product Y and 7,000 units of Product Z. The compan 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 $ 213,400 $ 61,600 $ 78,000 $ 244,000 Expected Activity 11,000 MH 140 setups 2 products 10,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y Product % 7,400 3,600 60 80 1 1 7,400 2,600 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z? (Round intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Product Y Product Z Manufacturing overhead allocated
