Required information Foundational (Algo) [LO4-1, LO4-2, L04-3, LO4-4] Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 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 Estimated Overhead Cost Expected Activity 12,000 MHS Activity Measure Machine-hours Number of setups Number of products Direct labor-hours $ 235, 200 $ 73,600 Machine setups Production design General factory 160 setups 2 products $ 80,000 $ 295, 200 12,000 DLHS Activity Measure Machining Product Y Product Z 7,600 4,400 40 120 Number of setups Number of products Direct labor-hours 1 1 7,600 4,400 Foundational 4-1 (Algo) Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Plantwide overhead rate per DLH Required information Foundational (Algo) (LO4-1, LO4-2, LO4-3, LO4-4] Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 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 Cost $ 235,200 Expected Activity 12,000 MHS Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours $ 73,600 160 setups 2 products $ 80,000 $ 295, 200 12,000 DLHS Activity Measure Machining Product Y Product Z 7,600 4,400 120 40 Number of setups Number of products Direct labor-hours 1 7,600 4,400 Foundational 4-2 (Algo) 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 1 Required information Foundational (Algo) [LO4-1, LO4-2, LO4-3, LO4-4] Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 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 Estimated Overhead Cost $ 235, 200 $ 73,600 Expected Activity 12,000 MHS Activity Measure Machine-hours Number of setups Number of products: Direct labor-hours Machine setups Production design General factory $ 80,000 160 setups 2 products $ 295, 200 12,000 DLHS Activity Measure Machining Product Y Product Z 7,600 4,400 120 40 Number of setups. Number of products. Direct labor-hours 1 1 7,600 4,400 Foundational 4-3 (Algo) 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 Foundational (Algo) [LO4-1, LO4-2, LO4-3, LO4-4] Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 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 Estimated Overhead Cost Expected Activity 12,000 MHS Activity Measure Machine-hours Number of setups Number of products Direct labor-hours $ 235, 200 $ 73,600 Machine setups Production design General factory $ 80,000 $ 295, 200 160 setups 2 products 12,000 DLHS Activity Measu Machining Product Y Product 2 7,600 4,400 40 120 Number of setups Number of products 1 1 Direct labor-hours 7,600 4,400 Foundational 4-4 (Algo) 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup Required information Foundational (Algo) [LO4-1, LO4-2, LO4-3, LO4-4] Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 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 $ 235, 200 $ 73,600 Expected Activity 12,000 MHS 160 setups $ 80,000 2 products $ 295, 200 12,000 DLHS Activity Measure Machining Product Y Product Z 7,600 4,400 120 40 Number of setups Number of products Direct labor-hours 1 7,600 4,400 Foundational 4-5 (Algo) 5. What is the activity rate for the Product Design activity cost pool? Activity rate per product 1
