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: Estimated Overhead Expected Activity Cost Pool Activity Measure Cost Activity Machining Machine-hours $ 227,700 11,000 MHS Machine setups Number of setups $ 153,900 270 setups Production design Number of products $ 91,000 2 products General factory Direct labor-hours $ 257,000 10,900 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 8,700 60 1 8,700 Product z 2,300 210 1 1,300 equired: What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rato per DLH Required information Greenwood Company manufactures two products15,000 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 Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Expected Cost Activity $ 227,700 11,000 MHS $ 153,900 270 setups $ 91,000 2 products $ 257,000 10,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 8,700 60 1 8,700 Product Z 2,300 210 1 1,300 2. Using the plantwide overhead rate, 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 z Manufacturing overhead allocated 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: Estimated Overhead Expected Activity Cost Pool Activity Measure Cost Activity Machining Machine-hours $ 227,700 11,000 MHS Machine setups Number of setups $ 153,900 270 setups Production design Number of products $ 91,000 2 products General factory Direct labor-hours $ 257,000 10,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product 8,700 60 1 8,700 Product z 2,300 210 1 1,300 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 -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: Estimated Overhead Expected Activity Cost Pool Activity Measure Cost Activity Machining Machine-hours $ 227,700 11,000 MHS Machine setups Number of setups $ 153,900 270 setups Production design Number of products $ 91,000 2 products General factory Direct labor-hours $ 257,000 10,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 8,700 60 1 8,700 Product z 2,300 210 1 1,300 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup Required information Greenwood Company manufactures two products15,000 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 Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Expected Cost Activity $ 227,700 11,000 MHS $ 153,900 270 setups $ 91,000 2 products $ 257,000 10,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 8,700 60 1 8,700 Product z 2,300 210 1 1,300 5. What is the activity rate for the Product Design activity cost pool? Activity rate per product 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: Estimated Overhead Expected Activity Cost Pool Activity Measure Cost Activity Machining Machine-hours $ 227,700 11,000 MHS Machine setups Number of setups $ 153,900 270 setups Production design Number of products $ 91,000 2 products General factory Direct labor-hours $ 257,000 10,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 8,700 60 1 8,700 Product z 2,300 210 1 1,300 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 -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: Estimated Overhead Expected Activity Cost Pool Activity Measure Cost Activity Machining Machine-hours $ 227,700 11,000 MHS Machine setups Number of setups $ 153,900 270 setups Production design Number of products $ 91,000 2 products General factory Direct labor-hours $ 257,000 10,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 8,700 60 1 8,700 Product z 2,300 210 1 1,300 7. Which of the four activities is a batch-level activity? Machining activity General factory activity 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 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 $ 227,700 11,000 MHs Machine setups Number of setups $ 153,900 270 setups Production design Number of products $ 91,000 2 products General factory Direct labor-hours $ 257,000 10,000 OLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 8,700 60 1 8,700 Product z 2,300 210 1 1,300 8. Which of the four activities is a product-level 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 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 $ 227,700 $ 153,980 $ 91,000 $ 257,000 Expected Activity 11,800 MHS 270 setups 2 products 10,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 8,700 60 1 8,700 Product Z 2,300 210 1 1,300 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-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: Estimated Overhead Expected Activity Cost Pool Activity Measure Cost Activity Machining Machine-hours $ 227,780 11,000 MHS Machine setups Number of setups $ 153,980 270 setups Production design Number of products $ 91,800 2 products General factory Direct labor-hours $ 257,000 10,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 8,700 60 1 8,700 Product z 2,300 210 1 1,300 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-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: Estimated Overhead Expected Activity Cost Pool Activity Measure Cost Activity Machining Machine-hours $ 227,700 11,000 MHS Machine setups Number of setups $ 153,900 270 setups Production design Number of products $ 91,000 2 products General factory Direct labor-hours $ 257,000 10,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 8,700 60 1 8,700 Product z 2,300 210 1 1,300 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 % Product z % Total overhead cost Check my work ! 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: Estimated Overhead Expected Activity Cost Pool Activity Measure Cost Activity Machining Machine-hours $ 227,700 11,000 MHS Machine setups Number of setups $ 153,900 270 setups Production design Number of products $ 91,800 2 products General factory Direct labor-hours $ 257,000 10,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 8,700 60 1 8,700 Product z 2,300 210 1 1,300 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 Product z % Machining cost Required information Greenwood Company manufactures two products15,000 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: Estimated Overhead Expected Activity Cost Pool Activity Measure Cost Activity Machining Machine-hours $ 227,700 11,000 MHS Machine setups Number of setups $ 153,900 270 setups Production design Number of products $ 91,000 2 products General factory Direct labor-hours $ 257,000 10,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 8,700 60 1 8,700 Product Z 2,300 210 1 1,300 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.) Product Y Product Z Machine setups cout 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: Estimated Overhead Expected Activity Cost Pool Activity Measure Cost Activity Machining Machine-hours $ 227,700 11,000 MHS Machine setups Number of setups $ 153,990 270 setups Production design Number of products $ 91,000 2 products General factory Direct labor-hours $ 257,000 10,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 8,700 60 1 8,700 Product Z 2,300 210 1 1,300 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 -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 Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 227,700 $ 153,900 $ 91,000 $ 257,000 Expected Activity 11,000 MHS 270 setups 2 products 10,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 8,700 60 1 8,700 Product Z 2,300 210 1 1,300 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 Z General factory cost %