Greenwood Company manufactures two products15,000 units of Product Y and 7,000 units of Product Z....
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Greenwood Company manufactures two products units of Product Y and units of Product Z The company uses a plantwide overhead rate based on direct laborhours. It is considering implementing an activitybased 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 Machinehours $ MHs Machine setups Number of setups $ setups Production design Number of products $ products General factory Direct laborhours $ DLHs Activity Measure Product Y Product Z Machining Number of setups Number of products Direct laborhours Required: What is the companys plantwide overhead rate? Round your answer to decimal places.
Greenwood Company manufactures two products units of Product Y and units of Product Z The company uses a plantwide overhead rate based on direct laborhours. It is considering implementing an activitybased 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 Machinehours $ MHs
Machine setups Number of setups $ setups
Production design Number of products $ products
General factory Direct laborhours $ DLHs
Activity Measure Product Y Product Z
Machining
Number of setups
Number of products
Direct laborhours
Required:
What is the companys plantwide overhead rate? Round your answer to decimal places.
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