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 Activity Measure Machining Number of setups Number of products Direct labor-hours Activity Measure Machine-hours Plantwide overhead rate Number of setups Number of products Direct labor-hours Product Y 8,700 60 1 8,700 S Estimated Overhead Cost $ 227,700 $ 153,900 $ 91,000 $ 257,000 Product z 2,300 210 1 1,300 729,600.00 per DLH Expected Activity 11,000 MHS 270 setups Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) 2 products 10,000 DLHS
Requlred 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 avallable for the company as a whole and for Products Y and Z : Required: 1. What is the company's plantwide overhead rate? (Round your onswer to 2 decimal places.) Requlred 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 avallable for the company as a whole and for Products Y and Z : 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z? (Round your Intermedlete calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Requlred Informotion 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 poois. The following additional information is avallable for the company as a whole and for Products Y and Z : 3. What is the activity rate for the Mochining activity cost pool? (Round your answer to 2 decimal ploces.) 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 avarlable for the company as a whole and for Products Y and Z : 4. What is the activity rate for the Machine Setups activity cost pool? 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 avarlable for the company as a whole and for Products Y and Z : 5. What is the activity rate for the Product Design activity cost pool? 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 avallable for the company as a whole and for Products Y and Z : 6. What is the activity rate for the General Factory activity cost pool? (Round your answer to 2 decimal places.) 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 avallable for the company as a whole and for Products Y and Z : 7. Which of the four activities is a batch-level activity? Machining activity General factory activity Product design activity Machine setups actlvity 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 avallable for the company as a whole and for Products Y and Z : 8. Which of the four activitles is o product-level activity? General factory activity Product design activity Machining actuvity Machine setups activity 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 poois. The following additional information is avallable for the company as a whole and for Products Y and Z 9. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product y? (Round your Intermediate calculetions to 2 decimal ploces. Round your answers to the nearest doller amount.) Required Informetion 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 avallable for the company as a whole and for Products Y and Z. 10. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z? (Round your intermediate calculotions to 2 decimal ploces. Round your onswers to the nearest doller amount.) 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 avallable for the company as a whole and for Products Y and Z 11. Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product Z? (Round your Intermedlote calculations to 2 decimal places. Round your answers to 2 decimal places.) 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 avaliable for the company as a whole and for Products Y and Z : 2. Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z? (Round your Intermedlate alculations to 2 decimal places. Round your answers to 2 decimal places.) 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 avaliable for the company as a whole and for Products Y and Z : 3. Using the ABC system, what percentage of Mochine Setups cost is assigned to Product Y and Product Z? (Round your ntermediote colculations to 2 decimal ploces. Round your onswers to 2 decimal places.) Requlred Informotion Greenwood Company manufactures two products 15,000 units of Product Y and 7.000 units of Product Z. The company uses o 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 avallable for the company as a whole and for Products Y and Z. 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 decimol places.) Requlred Informetion 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 avallable for the company as a whole and for Products Y and Z. 15. Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? (Round your Intermedlete calculations and finel onswers to 2 decimal ploces.)