Greenwood Company manufactures two products15,000 units of Product Y and 7,000 units of Product Z....

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Accounting

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

Activity Measure

Estimated Overhead Cost

Expected Activity

Machining

Machine-hours

$

216,700

11,000

MHs

Machine setups

Number of setups

$

79,900

170

setups

Production design

Number of products

$

81,000

2

products

General factory

Direct labor-hours

$

247,000

10,000

DLHs

Activity Measure

Product Y

Product Z

Machining

6,700

4,300

Number of setups

60

110

Number of products

1

1

Direct labor-hours

7,700

2,300

1.What is the companys plantwide overhead rate? (Round your answer to 2 decimal places.) 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 and final answers to the nearest dollar amount.) 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) 4. What is the activity rate for the Machine Setups activity cost pool? (Round your answer to 2 decimal places.) 5.What is the activity rate for the Product Design activity cost pool? (Round your answer to 2 decimal places.) 6. What is the activity rate for the General Factory activity cost pool? (Round your answer to 2 decimal places.)

7. Which of the four activities is a batch-level activity?

Machining activity

General factory activity

Product design activity

Machine setups activity

8.Which of the four activities is a product-level activity?

Machining activity

Product design activity

Machine setups activity

General factory activity

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 and final answer to the nearest dollar amount.) 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 and final answer to the nearest dollar amount.) 11. Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product Z? (Round your answers to 2 decimal places.) 12. Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z? (Round your answers to 2 decimal places.) 13.Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? (Round your answers to 2 decimal places.) 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.) 15. Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? (Round your answers to 2 decimal places.)

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