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this is the complete question Foundational (LO4-1, LO4-2, LO4-3, LO4.4) Greenwood Company manufactures two products - 14000 units of Product Y and 6,000 units of

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this is the complete question

Foundational (LO4-1, LO4-2, LO4-3, LO4.4) Greenwood Company manufactures two products - 14000 units of Product Y and 6,000 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 Praduction design General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 200, eee $ 100,898 $ 84,00 5 380,00 Expected Activity 10, 28 setups 2 products 12,000 DLHS Product Y Activity Measure Machining Number of setups Number of products Direct labor-hours 40 1 9.00 Product z 2,880 160 1 3,000 Required: 1. What is the company's plantwide overhead rate? Plantwide overhead rate $ 20 per DLH 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z? Product Y Product z Manufacturing overhead allocated 3. What is the activity rate for the Machining activity cost pool? Activity rate S 20 per MH 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate S 500 per setup 11. Using the plantwide overhead rate. what percentage of the total overhead cost is allocated to Product Y and Product Z? Product Z Product Y % Total overhead cost % 12. Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z? Product Y % Product Z 96 Machining cost 13. Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? Product Y Product Z % yo Machine setups cost 14. Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z? Product Z Product Y % Product design cost % 15. Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? Product Y Product Z General factory cost % Greenwood Company manufactures two products14,000 units of Product Y and 6,000 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 Expected Activity $200,000 10,000 MHS $100,000 200 setups $84,000 2 products $300,000 12,000 DLHS Activity Measure Machining Number of setups. Number of products. Direct labor-hours. Product Y 8,000 40 1 9,000 Product z 2.000 160 1 3,000 1. What is the company's plantwide overhead rate? 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y? How much is allocated to Product Z? 3. What is the activity rate for the Machining activity cost pool? 4. What is the activity rate for the Machine Setups activity cost pool? 5. What is the activity rate for the Product Design activity cost pool? 6. What is the activity rate for the General Factory activity cost pool? 7. Which of the four activities is a batch-level activity? Why? 8. Which of the four activities is a product-level activity? Why? 9. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y? 10. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z? 11. Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y? What percentage is allocated to Product Z? 12. Using the ABC system, what percentage of the Machining costs is assigned to Product Y? What percentage is assigned to Product Z? Are these percentages similar to those obtained in question 11? Why

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